Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced on June 22, 2021, the repurchase of 26,099 ordinary shares at a price of £98.795050 each as part of its $400 million share repurchase program initiated on March 16, 2021. The company plans to hold these shares in Treasury, increasing its total Treasury shares to 9,271,676. Post-transaction, the total shares in issue will be 222,899,506, serving as a benchmark for shareholder notifications under the Disclosure and Transparency Rules.

Positive

• Repurchase of 26,099 shares increases shareholder value
• Total shares in Treasury now at 9,271,676, indicating strong buyback strategy

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 23, 2021 / Ferguson plc (the 'Company') announces that on June 22, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase program, details of which were announced on March 16, 2021.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 26,099

Date of transaction: June 22, 2021

Price paid per share: £98.795050

Broker: J.P. Morgan Securities plc

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 9,271,676 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,899,506.

The figure of 222,899,506 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/7607C_1-2021-6-22.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Brian Lantz, Vice President IR and Communications	+1 224 285 2410

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/652754/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the purpose of Ferguson plc's share repurchase on June 22, 2021?

Ferguson plc repurchased shares as part of its $400 million share repurchase program announced on March 16, 2021.

How many shares did Ferguson plc repurchase on June 22, 2021?

Ferguson plc repurchased a total of 26,099 ordinary shares.

What is the price per share for Ferguson plc's repurchase on June 22, 2021?

The price paid per share for the repurchase was £98.795050.

What will be the total number of shares in issue after Ferguson plc's June 22, 2021 repurchase?

After the repurchase, the total number of ordinary shares in issue will be 222,899,506.