Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has repurchased 1,995 ordinary shares at £116.905014 each as part of its $1 billion share repurchase program initiated on September 28, 2021. The transaction occurred on December 1, 2021, through Barclays Capital Securities Limited. Following this buyback, Ferguson holds a total of 11,220,318 shares in Treasury, with 220,950,864 ordinary shares remaining in circulation. This repurchase is aimed at enhancing shareholder value and may affect the calculations for shareholder interests under the Disclosure and Transparency Rules.

Positive

• Completed share repurchase of 1,995 shares, supporting share value.
• Repurchase program valued at $1 billion enhances shareholder returns.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / December 2, 2021 / Ferguson plc (the "Company") announces that on December 01, 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: 1,995

Date of transaction: December 01, 2021

Price paid per share: £116.905014

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 11,220,318 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,950,864.

The figure of 220,950,864 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/2849U_1-2021-12-1.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/675685/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase amount by Ferguson plc on December 1, 2021?

Ferguson plc repurchased 1,995 ordinary shares at £116.905014 each.

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

After the buyback, Ferguson plc holds a total of 11,220,318 shares in Treasury.

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

The program aims to enhance shareholder value.

How many ordinary shares are outstanding for Ferguson plc after the repurchase?

Following the repurchase, there are 220,950,864 ordinary shares outstanding.