Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc reported the purchase of 262,513 ordinary shares from July 11 to July 15, 2022, as part of its $2 billion share repurchase program. The aggregate daily volumes and weighted average purchase prices varied, with the highest purchase price recorded at 9,367.0236 on July 15. Following these transactions, the total treasury shares held by the company increased to 20,786,226, leaving 211,384,956 ordinary shares in circulation. This buyback aligns with regulatory guidelines and aims to enhance shareholder value.

Positive

• Completed purchase of 262,513 shares as part of $2 billion buyback program.
• Holding 20,786,226 shares in treasury may enhance shareholder value.
• Share repurchase reflects confidence in company's financial health.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / July 19, 2022 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 262,513 of its ordinary shares in the period from July 11, 2022 up to and including July 15, 2022 in connection with its $2 billion share repurchase program.

Aggregated information about the purchases carried out during this period

Trading day	Aggregate daily volume (in number of shares)	Daily weighted average purchase price of the shares	Trading venue
July 11, 2022	64,155	9,264.6591	XLON
July 12, 2022	49,261	9,256.0000	XLON
July 13, 2022	78,584	9,118.0000	XLON
July 14, 2022	66,657	9,120.3284	XLON
July 15, 2022	3,856	9,367.0236	XLON

The Company intends to hold these shares in treasury. Including shares which have been purchased but not yet settled, the Company holds 20,786,226 shares in treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 211,384,956. The figure of 211,384,956 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/8871S_1-2022-7-18.pdf

For further information please contact:

Brian Lantz, Vice President IR and Communications +1 224 285 2410

Pete Kennedy, Director of Investor Relations +1 757 603 0111

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/708992/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the significance of Ferguson's $2 billion share repurchase program?

Ferguson's $2 billion share repurchase program aims to enhance shareholder value by reducing the number of shares in circulation.

How many shares did Ferguson purchase from July 11 to July 15, 2022?

Ferguson purchased a total of 262,513 ordinary shares during this period.

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

After the repurchase, the remaining number of ordinary shares in issue will be 211,384,956.

What was the highest purchase price for shares during the repurchase period?

The highest purchase price during the repurchase period was 9,367.0236.