Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announces the repurchase of 50,000 ordinary shares at £86.68 each on March 31, 2021, as part of its $400 million share buyback program initiated on March 16, 2021. Following this transaction, Ferguson holds a total of 7,520,565 shares in treasury, with 224,650,617 ordinary shares remaining in circulation. This information is critical for shareholders to assess their interests under the Disclosure and Transparency Rules. For more details, refer to the attached announcement.

Positive

• Company repurchased 50,000 ordinary shares, signaling confidence in its stock.
• Total shares held in treasury increases to 7,520,565, indicating a commitment to enhance shareholder value.

Negative

• No significant negative aspects reported.

WOKINGHAM / ACCESSWIRE / April 1, 2021 / Ferguson plc (the "Company") announces that on March 31, 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: March 31, 2021

Price paid per share: £86.680000

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 7,520,565 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,650,617.

The figure of 224,650,617 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/2029U_1-2021-3-31.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/638544/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

When did Ferguson plc announce its share repurchase?

Ferguson plc announced its share repurchase on March 31, 2021.

How many shares did Ferguson plc repurchase on March 31, 2021?

Ferguson plc repurchased 50,000 ordinary shares on March 31, 2021.

What was the price paid per share during the repurchase?

The price paid per share was £86.68.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc currently holds 7,520,565 shares in treasury.

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

After the repurchase, the total number of ordinary shares in issue is 224,650,617.