Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has completed a share repurchase, acquiring 43,332 ordinary shares at £91.32 each on April 30, 2021, as part of its $400 million share buyback program. After this transaction, the total number of treasury shares held is 8,293,975, while the total number of shares in issue is reduced to 223,877,207. This move allows shareholders to assess their interests under the Disclosure and Transparency Rules.

Positive

• Engagement in a $400 million share buyback program enhances shareholder value.
• Purchase of 43,332 shares indicates confidence in company performance.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / May 4, 2021 / Ferguson plc (the "Company") announces that on April 30, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase programme, details of which were announced on March 16, 2021.

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

Number of shares repurchased: 43,332

Date of transaction: April 30, 2021

Price paid per share: £91.320000

Broker: Barclays Capital Securities Limited

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 8,293,975 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,877,207

The figure of 223,877,207 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/3048X_1-2021-4-30.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Mark Fearon, Director of Communications and Investor Relations	+44 (0) 118 927 3800
	+44(0) 7711 875070

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/644247/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase amount for Ferguson plc?

Ferguson plc repurchased shares worth $400 million.

How many shares did Ferguson plc repurchase on April 30, 2021?

Ferguson plc repurchased 43,332 ordinary shares on April 30, 2021.

What was the price per share during the Ferguson plc buyback?

The price paid per share was £91.32.

How many treasury shares does Ferguson plc hold after the buyback?

After the buyback, Ferguson plc holds 8,293,975 shares in treasury.

What is the total number of ordinary shares in issue after the buyback?

The total number of ordinary shares in issue is 223,877,207.