Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a recent transaction involving the purchase of 200,000 ordinary shares at a price of £91.46 each as part of its $2 billion share repurchase program. The shares were acquired on June 10, 2022, and will be held in Treasury. Following this transaction, the total number of shares in issue will decrease to 213,374,418. Currently, the company holds 18,796,764 shares in Treasury. This transaction provides shareholders with a new denominator for their interest calculations under disclosure regulations.

Positive

• Engagement in a $2 billion share repurchase program indicates strong cash flow management.
• The share repurchase reduces the total shares outstanding, potentially increasing earnings per share.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSIWRE / June 13, 2022 / Ferguson plc (the "Company") announces that on June 10, 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: 200,000

Date of transaction: June 10, 2022

Price paid per share: £91.460000

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 18,796,764 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 213,374,418.

The figure of 213,374,418 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/5419O_1-2022-6-10.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/704806/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share repurchase amount by Ferguson plc?

Ferguson plc repurchased 200,000 ordinary shares as part of its $2 billion share repurchase program.

When did Ferguson plc conduct its latest share repurchase?

The latest share repurchase by Ferguson plc occurred on June 10, 2022.

What is the new total number of shares in issue for Ferguson plc?

After the repurchase, the total number of ordinary shares in issue will be 213,374,418.

What price did Ferguson plc pay per share during its repurchase?

Ferguson plc paid £91.46 per share during the latest repurchase.