Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 46,926 ordinary shares for Treasury on May 27, 2021, at a price of £96.24 each, totaling £4.5 million as part of its $400 million share repurchase program initiated on March 16, 2021. The company now holds 8,860,978 shares in Treasury, with 223,310,204 shares remaining in issue. This repurchase may impact shareholders' calculations in relation to their interests under the Disclosure and Transparency Rules.

Positive

• Completed repurchase of 46,926 shares, reinforcing shareholder value.
• Ongoing share repurchase program suggests strong company confidence.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / May 28, 2021 / Ferguson plc (the "Company") announces that on May 27, 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: 46,926

Date of transaction: May 27, 2021

Price paid per share: £96.240000

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 8,860,978 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,310,204

The figure of 223,310,204 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/1048A_1-2021-5-27.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/649545/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

How many shares did Ferguson plc repurchase on May 27, 2021?

Ferguson plc repurchased 46,926 ordinary shares on May 27, 2021.

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

The price paid per share in the recent buyback was £96.24.

How many shares does Ferguson plc now hold in Treasury?

Ferguson plc currently holds 8,860,978 shares in Treasury.

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

After the buyback, the total number of ordinary shares in issue is 223,310,204.

What is the purpose of Ferguson plc's share repurchase program?

The share repurchase program aims to enhance shareholder value and signal company confidence.