Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 50,000 ordinary shares at £92.149692 each on April 8, 2021, under its $400 million share repurchase program initiated on March 16, 2021. Following this transaction, Ferguson holds 7,670,233 shares in Treasury, with 224,500,949 ordinary shares remaining in circulation. This reduction in outstanding shares may affect shareholder calculations under the Disclosure and Transparency Rules.

Positive

• Initiated a $400 million share repurchase program, indicating a commitment to returning value to shareholders.
• Reduction in the total number of outstanding shares may enhance per-share metrics.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / April 9, 2021 / Ferguson plc (the "Company") announces that on April 08, 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: 50,000

Date of transaction: April 08, 2021

Price paid per share: £92.149692

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 7,670,233 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,500,949.

The figure of 224,500,949 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/8986U_1-2021-4-8.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/639634/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on April 8, 2021?

Ferguson plc repurchased 50,000 ordinary shares at a price of £92.149692 each.

What is the total number of shares remaining after the repurchase?

After the repurchase, there are 224,500,949 ordinary shares remaining in issue.

How many shares does Ferguson plc hold in Treasury?

Ferguson plc currently holds 7,670,233 shares in Treasury.

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

The share repurchase program aims to return value to shareholders and potentially enhance per-share metrics.

Who brokered the share repurchase for Ferguson plc?

The share repurchase was brokered by Barclays Capital Securities Limited.