Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 50,000 ordinary shares on March 26, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The shares were bought at a price of £86.792231 each. After this transaction, the company holds a total of 7,390,571 shares in treasury, with 224,780,611 ordinary shares remaining in circulation. This transaction aligns with regulatory standards under the Market Abuse Regulation and affects shareholder calculations regarding interest notifications.

Positive

• Completed the repurchase of 50,000 shares, aligning with the $400 million repurchase program.
• Total treasury shares increased to 7,390,571, potentially enhancing shareholder value.

Negative

• None.

Transaction in own shares

WOKINGHAM, ENGLAND / ACCESSWIRE / March 29, 2021 / Ferguson plc (NYSE:FERG)(LSE:FERG)(the "Company") announces that on March 26, 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: 50,000
Date of transaction: March 26, 2021
Price paid per share: £86.792231
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 7,390,571 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,780,611.

The figure of 224,780,611 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/7108T_1-2021-3-26.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/637835/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on March 26, 2021?

Ferguson plc repurchased 50,000 ordinary shares at a price of £86.792231 each.

What is the total number of shares Ferguson plc holds in treasury after the buyback?

After the buyback, Ferguson plc holds a total of 7,390,571 shares in treasury.

How many ordinary shares remain in circulation for Ferguson plc?

After the repurchase, 224,780,611 ordinary shares remain in circulation.

What was the purpose of Ferguson plc's share repurchase program?

The share repurchase program aims to return value to shareholders and manage the company's capital.

When was Ferguson plc's share repurchase program announced?

The share repurchase program was announced on March 16, 2021.