Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc reported the repurchase of 40,000 ordinary shares at a price of £95.84 each on May 28, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. This brings the total shares held in treasury to 8,734,347. The remaining shares in circulation will be 223,436,835, which shareholders can use for calculations related to interest notifications under the Disclosure and Transparency Rules. For additional details on the transaction, refer to the attached information.

Positive

• Completed buyback of 40,000 shares under the $400 million program.
• Increased treasury shares to 8,734,347, providing potential for future value enhancement.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 1, 2021 / Ferguson plc (the "Company") announces that on May 28, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase programme, details of which were announced on March 16, 2021.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 40,000

Date of transaction: May 28, 2021

Price paid per share: £95.840000

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 8,734,347 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,436,835

The figure of 223,436,835 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/2783A_1-2021-5-28.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Mark Fearon, Director of Communications and Investor Relations	+44 (0) 118 927 3800
	+44(0) 7711 875070

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/649844/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on May 28, 2021?

Ferguson plc repurchased 40,000 ordinary shares at a price of £95.84 each.

What is the remaining number of ordinary shares in issue after the repurchase?

After the repurchase, the remaining number of ordinary shares in issue will be 223,436,835.

What is the purpose of the share repurchase program announced by Ferguson plc?

The share repurchase program aims to enhance shareholder value and manage capital effectively.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc currently holds 8,734,347 shares in treasury.

Who executed the share repurchase for Ferguson plc?

The share repurchase was executed by Barclays Capital Securities Limited.