Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced on May 5, 2022, the repurchase of 90,000 ordinary shares at a price of £97.64 each, amounting to a total investment of approximately £8.788 million as part of its $2 billion share repurchase program. Following this transaction, Ferguson holds a total of 16,392,394 shares in treasury, while the remaining ordinary shares in issue total 215,778,788. This information is crucial for shareholders for calculating their interest notifications as per the Disclosure and Transparency Rules.

Positive

• Share repurchase program continues, demonstrating confidence in stock value.
• Reduction of shares in circulation potentially increases earnings per share.

Negative

• No significant financial metrics or performance improvements reported in the transaction.

WOKINGHAM, UK / ACCESSWIRE / May 6, 2022 / Ferguson plc (the "Company") announces that on May 05, 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: 90,000

Date of transaction: May 05, 2022

Price paid per share: £97.640000

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 16,392,394 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 215,778,788.

The figure of 215,778,788 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/5256K_1-2022-5-5.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/700365/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What did Ferguson plc announce on May 5, 2022?

Ferguson plc announced the repurchase of 90,000 ordinary shares at £97.64 each as part of its $2 billion share repurchase program.

How many shares does Ferguson plc hold in treasury after the repurchase?

After the repurchase, Ferguson plc holds a total of 16,392,394 shares in treasury.

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

The total number of ordinary shares in issue after the buyback is 215,778,788.

What was the total cost of shares repurchased by Ferguson plc?

The total cost of the shares repurchased by Ferguson plc was approximately £8.788 million.

How can shareholders calculate their interest in Ferguson plc?

Shareholders can use the remaining total of 215,778,788 ordinary shares as the denominator for interest calculations as per the Disclosure and Transparency Rules.