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Ferguson PLC Announces Transaction in Own Shares

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Ferguson plc announced the repurchase of 89,943 shares from the market on May 25, 2022, as part of its ongoing $2 billion share repurchase program.

These shares were bought at a price of £93.313730 each, with the broker being Barclays Capital Securities Limited.

Following this transaction, the total number of shares held in Treasury is now 17,698,422, while the total number of ordinary shares in issue stands at 214,472,760.

Positive
  • The company is actively executing a $2 billion share repurchase program, indicating confidence in its financial health.
  • The ongoing repurchase may enhance shareholder value by reducing the number of shares outstanding.
Negative
  • None.

WOKINGHAM, UK / ACCESSWIRE / May 26, 2022 / Ferguson plc (the "Company") announces that on May 25, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each in connection with its $2 billion share repurchase program.

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

Number of shares repurchased: 89,943

Date of transaction: May 25, 2022

Price paid per share: £93.313730

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 17,698,422 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 214,472,760.

The figure of 214,472,760 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/8333M_1-2022-5-25.pdf

For further information, please contact:

Ferguson plc

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/702770/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase amount for Ferguson plc on May 25, 2022?

Ferguson plc repurchased a total of 89,943 shares on May 25, 2022.

How much did Ferguson plc pay for each share during the recent buyback?

Ferguson plc paid £93.313730 per share during the buyback on May 25, 2022.

What is the total number of shares Ferguson plc holds in Treasury after recent purchases?

After the recent purchase, Ferguson plc holds a total of 17,698,422 shares in Treasury.

What is the total number of ordinary shares in issue for Ferguson plc after the buyback?

Following the buyback, the total number of ordinary shares in issue for Ferguson plc is 214,472,760.

Ferguson Enterprises Inc.

NYSE:FERG

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195.00M
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90.42%
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