Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced on December 16, 2021, the repurchase of 2,459 ordinary shares for Treasury as part of its $1,000 million share repurchase program initiated on September 28, 2021. The shares were bought at a price of £127.797740 each, executed through Barclays Capital Securities Limited. Following this transaction, the total number of shares held in Treasury will be 11,394,439, leaving 220,776,743 ordinary shares in circulation. This figure will aid shareholders in determining notification requirements under the Disclosure and Transparency Rules.

Positive

• Part of a $1,000 million share repurchase program indicates strong financial health.
• Reduction in total shares outstanding can enhance earnings per share for existing shareholders.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / December 17, 2021 / Ferguson plc (the "Company") announces that on December 16, 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: 2,459

Date of transaction: December 16, 2021

Price paid per share: £127.797740

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 11,394,439 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,776,743.

The figure of 220,776,743 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/9531V_1-2021-12-16.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/678215/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson's recent share repurchase announcement?

On December 16, 2021, Ferguson plc repurchased 2,459 ordinary shares as part of its $1,000 million share repurchase program.

How many shares does Ferguson hold in Treasury after the repurchase?

After the recent repurchase, Ferguson plc holds a total of 11,394,439 shares in Treasury.

What was the price paid per share in Ferguson's latest buyback?

Ferguson plc paid £127.797740 per share in the recent buyback transaction.

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

Following the recent repurchase, the total number of ordinary shares in issue for Ferguson plc is 220,776,743.

How does Ferguson's repurchase affect shareholder notifications?

The number of shares in issue, 220,776,743, serves as a denominator for shareholders to determine their notification obligations under Disclosure and Transparency Rules.