Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG, NYSE:FERG) announced on July 14, 2021, the repurchase of 41,941 ordinary shares at £103.850983 each under its $400 million share repurchase program initiated on March 16, 2021. The total number of shares held in Treasury now stands at 9,649,670, with the remaining ordinary shares in issue at 222,521,512. This repurchase enhances shareholder value and may reduce share dilution effects. For further details, refer to the attached documentation.

Positive

• Share repurchase program of $400 million enhances shareholder value.
• 41,941 shares repurchased, indicating strong capital management.
• Total Treasury shares now at 9,649,670, which may boost future earnings per share.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / July 15, 2021 / Ferguson plc (the 'Company') (LSE:FERG)(NYSE:FERG) announces that on July 14, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase program, details of which were announced on March 16, 2021.

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

Number of shares repurchased: 41,941

Date of transaction: July 14, 2021

Price paid per share: £103.850983

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 9,649,670 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,521,512.

The figure of 222,521,512 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/2817F_1-2021-7-14.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Brian Lantz, Vice President IR and Communications	+1 224 285 2410

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/655618/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the latest share repurchase announcement by Ferguson plc?

Ferguson plc announced the repurchase of 41,941 ordinary shares on July 14, 2021, under its $400 million share buyback program.

How many shares has Ferguson plc repurchased in total?

After the latest transaction, Ferguson plc holds a total of 9,649,670 shares in Treasury.

What was the price paid per share in the latest repurchase by Ferguson plc?

The price paid per share in the recent repurchase was £103.850983.

How many ordinary shares are currently in issue for Ferguson plc?

Following the latest share repurchase, the total number of ordinary shares in issue is 222,521,512.