Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) announced on March 23, 2021, the repurchase of 60,000 ordinary shares under its $400 million share buyback program announced on March 16, 2021. Shares were bought at a price of £85.86 each, bringing the total shares held in treasury to 7,201,874. After this buyback, the total number of ordinary shares in circulation is 224,969,308. This information is crucial for shareholders for transparency calculations under the Disclosure and Transparency Rules.

Positive

• Repurchased 60,000 shares under a $400 million buyback program.
• Shares purchased at £85.86 each.
• Increased total shares in treasury to 7,201,874.

Negative

• None.

WOKINGHAM, ENGLAND / ACCESSWIRE / March 24, 2021 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces that on March 23, 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: 60,000
Date of transaction: 23^rd March 2021
Price paid per share: £85.862431
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 7,201,874 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,969,308.

The figure of 224,969,308 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/2465T_1-2021-3-23.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer Mark Fearon, Director of Communications and Investor Relations

+1 757 223 6092 +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/637156/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase?

Ferguson plc repurchased 60,000 ordinary shares of 10 pence each.

What was the purchase price per share for Ferguson plc's buyback?

The purchase price per share was £85.86.

What is the total number of shares in circulation after the buyback?

After the buyback, the total number of ordinary shares in circulation is 224,969,308.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc holds a total of 7,201,874 shares in treasury.

When was the share repurchase transaction executed?

The share repurchase transaction was executed on March 23, 2021.