Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 27,083 of its ordinary shares for treasury on January 31, 2022, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The shares were acquired at a price of £116.00 each through broker J.P. Morgan Securities plc. Following this transaction, Ferguson retains a total of 12,517,815 shares in treasury, leaving 219,653,367 shares outstanding. This number will assist shareholders in determining notification obligations under the Disclosure and Transparency Rules.

Positive

• Completed repurchase of 27,083 shares, supporting shareholder value.
• Continued execution of $1,000 million share repurchase program.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / February 1, 2022 / Ferguson plc (the "Company") announces that on January 31, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $1,000 million share repurchase program, details of which were announced on September 28, 2021.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 27,083

Date of transaction: January 31, 2022

Price paid per share: £116.000000

Broker: J.P. Morgan Securities plc

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 12,517,815 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,653,367.

The figure of 219,653,367 may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/2157A_1-2022-1-31.pdf

For further information, please contact:

Ferguson plc

Brian Lantz, Vice President IR and Communications	+1 224 285 2410
Pete Kennedy, Director of Investor Relations	+1 757 603 0111

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Ferguson PLC

View source version on accesswire.com:
https://www.accesswire.com/686541/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share repurchase announcement by Ferguson plc?

Ferguson plc announced the purchase of 27,083 of its ordinary shares for treasury on January 31, 2022, part of a larger $1,000 million share repurchase program.

How many shares does Ferguson plc currently hold in treasury?

After the latest repurchase, Ferguson plc holds a total of 12,517,815 shares in treasury.

What was the price paid per share in Ferguson's recent buyback?

Ferguson plc purchased the shares at a price of £116.00 each.

How many ordinary shares are outstanding for Ferguson plc after the buyback?

Following the buyback, Ferguson plc has 219,653,367 ordinary shares outstanding.

Who facilitated the share repurchase for Ferguson plc?

The repurchase was facilitated by J.P. Morgan Securities plc.