Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced on December 29, 2021, that it repurchased 30,000 ordinary shares at a price of £132.75 each as part of its $1,000 million share repurchase program initiated on September 28, 2021. The shares will be held in Treasury, bringing the total treasury shares to 11,590,033. Post-transaction, the total number of ordinary shares in issue will be 220,581,149, which shareholders can use for calculating their interest notifications under the Disclosure and Transparency Rules.

Positive

• Share repurchase indicates confidence in company value.
• Total treasury shares increased to 11,590,033, potentially supporting share price.
• Active share buyback program of $1,000 million demonstrates commitment to returning value to shareholders.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / December 30, 2021 / Ferguson plc (the "Company") announces that on December 29, 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: 30,000

Date of transaction: December 29, 2021

Price paid per share: £132.750000

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 11,590,033 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,581,149.

The figure of 220,581,149 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/9853W_1-2021-12-29.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/680169/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share repurchase amount by Ferguson plc?

Ferguson plc repurchased 30,000 ordinary shares at £132.75 each on December 29, 2021.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc holds a total of 11,590,033 shares in Treasury after the recent repurchase.

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

After the share repurchase, the total number of ordinary shares in issue will be 220,581,149.

When was the share repurchase program announced?

The share repurchase program was announced on September 28, 2021.

Who brokered the recent share repurchase for Ferguson plc?

The recent share repurchase was brokered by Barclays Capital Securities Limited.