Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) reported that it bought back 61,560 ordinary shares between April 17 and April 21, 2023, as part of its $2.5 billion share repurchase program. The company aims to hold these shares in treasury, increasing its treasury shares to 27,103,700. Post-purchase, the total number of ordinary shares issued will be 205,067,482, which serves as a reference number for shareholders to assess their interests under relevant regulations. The average purchase prices for the shares ranged from $105.26 to $109.43 across the trading days, with a notable volume on April 18 and 19.

This activity highlights Ferguson's commitment to enhancing shareholder value through effective capital management.

Positive

• Engagement in a substantial share repurchase program of $2.5 billion indicates strong financial health.
• Increasing the treasury share count to 27,103,700 showcases confidence in business performance.
• The average purchase price per share remains stable, suggesting effective buyback execution.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / April 25, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 61,560 of its ordinary shares in the period from April 17, 2023 up to and including April 21, 2023 in connection with its $2.5 billion share repurchase program.

Aggregated information about the purchases carried out during this period

Trading day	Aggregate daily volume (in number of shares)	Daily weighted average purchase price of the shares	Trading venue
April 17, 2023	5,892	105.262598	XLON
April 18, 2023	20,000	105.896305	XLON
April 19, 2023	20,000	105.747185	XLON
April 20, 2023	3,468	108.003599	XLON
April 21, 2023	12,200	109.432868	XLON

The Company intends to hold these shares in treasury. Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 27,103,700.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 205,067,482. The figure of 205,067,482 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/2921X_1-2023-4-24.pdf

For further information please contact:

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/751045/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

How many shares did Ferguson plc buy back during the week of April 17, 2023?

Ferguson plc bought back a total of 61,560 shares from April 17 to April 21, 2023.

What was the average purchase price of Ferguson plc shares during the buyback?

The average purchase prices ranged from $105.26 to $109.43 during the buyback period.

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

After the buyback, the total number of ordinary shares in issue will be 205,067,482.

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

The purpose of the share repurchase program is to enhance shareholder value and manage capital effectively.