Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced on October 29, 2021, the repurchase of 23,876 ordinary shares for Treasury as part of its $1,000 million share buyback program initiated on September 28, 2021. The shares were acquired at a price of £109.284853 each, facilitated by Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 10,510,298 shares in Treasury. The total ordinary shares in issue reduced to 221,660,884. This buyback program aims to enhance shareholder value and improve capital returns.

Positive

• Share repurchase program valued at $1,000 million enhances shareholder value.
• Reduces the number of ordinary shares in circulation, potentially increasing earnings per share.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / October 29, 2021 / Ferguson plc (the "Company") announces that on October 28, 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: 23,876

Date of transaction: October 28, 2021

Price paid per share: £109.284853

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 10,510,298 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,660,884.

The figure of 221,660,884 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/6371Q_1-2021-10-28.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/670294/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase?

Ferguson plc repurchased 23,876 ordinary shares of 10 pence each.

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

The price paid per share was £109.284853.

When did Ferguson plc announce the share repurchase?

The share repurchase was announced on October 29, 2021.

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

Ferguson plc holds a total of 10,510,298 shares in Treasury after the repurchase.

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

The remaining number of ordinary shares in issue is 221,660,884.