Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announces a share repurchase transaction on December 3, 2021. The Company repurchased 40,000 ordinary shares at a price of £116.15 each under its $1 billion share repurchase program initiated on September 28, 2021. Following this transaction, Ferguson holds a total of 11,295,299 shares in Treasury, while the total number of ordinary shares in circulation will be 220,875,883. This information is relevant for shareholders for calculating interests and obligations under the Disclosure and Transparency Rules.

Positive

• Successful execution of share repurchase program as planned.
• Reduction in the number of shares in circulation, potentially improving earnings per share.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / December 6, 2021 / Ferguson plc (the "Company") announces that on December 03, 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: December 03, 2021

Price paid per share: £116.150000

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 11,295,299 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,875,883.

The figure of 220,875,883 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/5880U_1-2021-12-3.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/676108/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase transaction of Ferguson plc on December 3, 2021?

Ferguson plc repurchased 40,000 ordinary shares at £116.15 each as part of its $1 billion share repurchase program.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds a total of 11,295,299 shares in Treasury.

What is the total number of ordinary shares in issue for Ferguson plc after the recent repurchase?

After the repurchase, the total number of ordinary shares in issue is 220,875,883.

What is the significance of the share repurchase announcement for Ferguson plc shareholders?

The repurchase reduces the number of shares outstanding, potentially enhancing earnings per share and affecting shareholder interests.