Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) reported a purchase of 57,478 ordinary shares between October 24 and October 28, 2022, as part of its $2.5 billion share repurchase program. The average purchase prices ranged from £9,285.27 to £9,564.90 across the trading days. After these purchases, the company's treasury shares will total 24,056,008, leaving 208,115,174 ordinary shares in circulation. This repurchase logic aims to enhance shareholder value and is in compliance with market regulations.

Positive

• Engagement in a $2.5 billion share repurchase program signals confidence in the company's value.
• Reduces the number of shares in circulation, potentially increasing earnings per share for remaining shareholders.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / November 1, 2022 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 57,478 of its ordinary shares in the period from October 24, 2022 up to and including October 28, 2022 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
October 24, 2022	6,183	9,285.2729	XLON
October 25, 2022	10,427	9,371.4064	XLON
October 26, 2022	11,712	9,564.8978	XLON
October 27, 2022	11,972	9,428.0000	XLON
October 28, 2022	17,184	9,387.9106	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 24,056,008.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 208,115,174. The figure of 208,115,174 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/8307E_1-2022-11-1.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/723244/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What recent share repurchase activity has Ferguson (NYSE:FERG) announced?

Ferguson announced the purchase of 57,478 ordinary shares from October 24 to October 28, 2022, under its $2.5 billion repurchase program.

How many shares does Ferguson currently hold in treasury after the recent repurchase?

Following the recent purchases, Ferguson will hold 24,056,008 shares in treasury.

What is the remaining number of ordinary shares in circulation for Ferguson after the buyback?

After the repurchase, there will be 208,115,174 ordinary shares remaining in circulation.

What were the average purchase prices for Ferguson's recent share buybacks?

The average purchase prices for shares bought ranged from £9,285.27 to £9,564.90 during the buyback period.