Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) announced the purchase of 105,128 ordinary shares on March 13, 2023, as part of its $2.5 billion share repurchase program. The company purchased shares across different trading venues, including BATE, CHIX, and XLON, with an aggregate daily volume of 26,050, 24,090, and 54,988 shares, respectively, at a weighted average purchase price of $11,100 each. Following these transactions, Ferguson will hold 26,522,510 shares in treasury, leaving 205,648,672 ordinary shares outstanding, which shareholders can use for calculating interests under the Disclosure Guidance and Transparency Rules.

Positive

• Completed purchase of 105,128 ordinary shares.
• Continues commitment to $2.5 billion share repurchase program.
• Share repurchase may enhance shareholder value.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / March 20, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 105,128 of its ordinary shares on March 13, 2023, in connection with its $2.5 billion share repurchase program.

Aggregated information about the purchases carried out during this period

Trading day	Aggregate daily volume (in number of shares)	Daily weighted average purchase price of the shares	Trading venue
March 13, 2023	26,050	11,100.0000	BATE
March 13, 2023	24,090	11,100.0000	CHIX
March 13, 2023	54,988	11,100.0000	XLON

The Company intends to hold these shares in treasury. Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 26,522,510.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 205,648,672. The figure of 205,648,672 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/2141T_1-2023-3-16.pdf

For further information please contact:

Brian Lantz, Vice President IR and Communications +1 224 285 2410

Pete Kennedy, Director of Investor Relations +1 757 603 0111

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/744595/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the total number of shares Ferguson purchased on March 13, 2023?

Ferguson purchased a total of 105,128 ordinary shares on March 13, 2023.

What is the total amount of Ferguson's share repurchase program?

Ferguson's share repurchase program totals $2.5 billion.

How many shares will Ferguson hold in treasury after the latest purchases?

After the latest purchases, Ferguson will hold 26,522,510 shares in treasury.

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

The remaining number of ordinary shares in issue will be 205,648,672.

Where were Ferguson's shares purchased on March 13, 2023?

Shares were purchased on trading venues including BATE, CHIX, and XLON.