Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) reported the purchase of 221,442 shares between July 4-8, 2022, as part of its ongoing $2 billion share repurchase program. The share buyback enhances shareholder value by reducing the number of shares outstanding. The average purchase prices varied across the trading days, with July 4 being $9,012.00 and July 8 at $9,272.82. Following these transactions, the total shares held in treasury are 20,523,713, leaving 211,647,469 shares outstanding. This announcement complies with Market Abuse Regulation requirements.

Positive

• Completed repurchase of 221,442 shares, reinforcing commitment to shareholder value.
• Total shares in treasury increased to 20,523,713, indicating corporate stability.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WORKINGHAM, UK / ACCESSWIRE / July 12, 2022 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 221,442 of its ordinary shares in the period from July 4, 2022 up to and including July 8, 2022 in connection with its $2 billion share repurchase program.

Aggregated information about the purchases carried out during this period

Trading day	Aggregate daily volume (in number of shares)	Daily weighted average purchase price of the shares	Trading venue
July 4, 2022	56,068	9,012.0000	XLON
July 5, 2022	71,936	8,902.1610	XLON
July 6, 2022	20,681	9,075.4288	XLON
July 7, 2022	22,844	9,227.2068	XLON
July 8, 2022	49,913	9,272.8158	XLON

The Company intends to hold these shares in treasury. Including shares which have been purchased but not yet settled, the Company holds 20,523,713 shares in treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 211,647,469. The figure of 211,647,469 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/0828S_1-2022-7-11.pdf

For further information please contact:

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/708230/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What recent share repurchase activity occurred for Ferguson plc (FERG)?

Ferguson plc repurchased 221,442 shares between July 4-8, 2022, as part of a $2 billion program.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc holds 20,523,713 shares in treasury following the recent buyback.

What is the impact of the share repurchase on Ferguson plc’s outstanding shares?

After the share repurchase, Ferguson plc has 211,647,469 ordinary shares outstanding.

What were the average purchase prices during Ferguson plc's recent share repurchase?

The average purchase prices ranged from $9,012.00 to $9,272.82 across the trading days.