Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 40,000 ordinary shares at £113.15 each on November 5, 2021, under its $1 billion share repurchase program initiated on September 28, 2021. Following this transaction, Ferguson holds 10,671,301 shares in Treasury, with a total of 221,499,881 ordinary shares remaining in issue. This number will serve as the denominator for shareholders applying the Disclosure and Transparency Rules. The company intends to hold the repurchased shares in Treasury.

Positive

• Ferguson plc repurchased 40,000 shares, returning capital to shareholders.
• The ongoing $1 billion share repurchase program reflects strong financial management.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 8, 2021 / Transaction in own shares

Ferguson plc (the "Company") announces that on November 05, 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: November 05, 2021

Price paid per share: £113.150000

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 10,671,301 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,499,881.

The figure of 221,499,881 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/5663R_1-2021-11-5.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/671571/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the date of Ferguson plc's recent share repurchase?

Ferguson plc repurchased shares on November 5, 2021.

How many shares did Ferguson plc repurchase?

Ferguson plc repurchased a total of 40,000 ordinary shares.

What is the price paid per share in Ferguson plc's recent transaction?

The price paid per share was £113.15.

What is the total number of shares Ferguson plc holds in Treasury now?

Ferguson plc holds 10,671,301 shares in Treasury after the recent repurchase.

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

After the repurchase, there are 221,499,881 ordinary shares remaining in issue.