Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 6,452 ordinary shares on November 18, 2021, as part of its $1 billion share repurchase program initiated on September 28, 2021.

The shares were bought at a price of £120.54 each through Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 10,855,503 shares in Treasury, with 221,315,679 shares remaining in issue. This announcement includes information under the Market Abuse Regulation and may affect shareholders' notification obligations.

Positive

• Continued execution of the $1 billion share repurchase program.
• Shares repurchased at a stable price of £120.54.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 19, 2021 / Ferguson plc (the "Company") announces that on November 18, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $1,000 million share repurchase program, details of which were announced on September 28, 2021.

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

Number of shares repurchased: 6,452

Date of transaction: November 18, 2021

Price paid per share: £120.537447

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 10,855,503 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,315,679.

The figure of 221,315,679 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/8931S_1-2021-11-18.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/673729/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on November 18, 2021?

Ferguson plc repurchased 6,452 ordinary shares of 10 pence each.

What was the price paid per share during Ferguson's recent buyback?

The price paid per share was £120.54.

How many shares does Ferguson plc hold in Treasury after the buyback?

Ferguson plc holds a total of 10,855,503 shares in Treasury after the buyback.

What is the remaining number of ordinary shares in issue for Ferguson plc?

The remaining number of ordinary shares in issue is 221,315,679.

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

The share repurchase program aims to enhance shareholder value and manage capital efficiently.