Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 40,000 ordinary shares for Treasury on October 25, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021.

The shares were acquired at a price of £107.50 each through broker Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 10,426,422 Treasury shares, with 221,744,760 shares remaining in circulation.

Positive

• Completion of share repurchase enhances shareholder value.
• Continued commitment to returning capital to shareholders through the repurchase program.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / October 26, 2021 / Ferguson plc (the "Company") announces that on October 25, 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: 40,000

Date of transaction: October 25, 2021

Price paid per share: £107.500000

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 10,426,422 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,744,760.

The figure of 221,744,760 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/1933Q_1-2021-10-25.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/669629/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on October 25, 2021?

Ferguson plc repurchased 40,000 ordinary shares of 10 pence each on October 25, 2021.

What was the price per share for Ferguson's repurchase?

The price paid per share during the repurchase was £107.50.

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

After the repurchase, Ferguson plc holds 10,426,422 shares in Treasury.

What is the remaining number of shares in circulation after Ferguson's repurchase?

Following the share repurchase, the remaining number of ordinary shares in issue is 221,744,760.

What was the purpose of Ferguson's $1,000 million share repurchase program?

The program aims to enhance shareholder value by returning capital to investors.