Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a share repurchase of 40,000 ordinary shares on April 19, 2021, at a price of £93.28 per share. This transaction is part of its ongoing $400 million share repurchase program initiated on March 16, 2021. Following this buyback, Ferguson holds a total of 7,968,177 shares in Treasury, with remaining ordinary shares in issue totaling 224,203,005. These figures will guide shareholders in determining notification obligations under the Disclosure and Transparency Rules.

Positive

• Share repurchase program strengthens shareholder value.
• Total shares in Treasury increased to 7,968,177.

Negative

• Potential dilution of shares if repurchase program is not viewed favorably by investors.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / April 20, 2021 / Ferguson plc (the "Company") announces that on April 19, 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: 40,000

Date of transaction: April 19, 2021

Price paid per share: £93.280000

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 7,968,177 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,203,005

The figure of 224,203,005 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/9496V_1-2021-4-19.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/641284/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share repurchase by Ferguson plc?

On April 19, 2021, Ferguson plc repurchased 40,000 ordinary shares at £93.28 each.

How much has Ferguson plc allocated for its share repurchase program?

Ferguson plc has a $400 million share repurchase program.

How many shares does Ferguson plc currently hold in Treasury?

After the recent repurchase, Ferguson plc holds 7,968,177 shares in Treasury.

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

The total number of ordinary shares in issue is now 224,203,005.

What should shareholders know about Ferguson plc's share repurchase?

Shareholders should consider the repurchased shares when calculating their notification obligations under the Disclosure and Transparency Rules.