Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 120,000 ordinary shares at £92.60 each on May 24, 2022, under its $2 billion share repurchase program. Following this transaction, Ferguson holds 17,608,479 shares in Treasury, leaving 214,562,703 ordinary shares in circulation. This repurchase is part of the company’s strategy to enhance shareholder value and consolidate its market position. The announcement includes compliance with the Market Abuse Regulation, providing transparency into the transaction.

Positive

• Completion of 120,000 share buyback at £92.60 enhances shareholder value.
• Total shares held in Treasury now stand at 17,608,479, reflecting strong buyback program.
• Reduces the number of ordinary shares in circulation to 214,562,703, potentially increasing earnings per share.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / May 25, 2022 / Ferguson plc (the "Company") announces that on May 24, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each in connection with its $2 billion share repurchase program.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 120,000

Date of transaction: May 24, 2022

Price paid per share: £92.600000

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 17,608,479 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 214,562,703.

The figure of 214,562,703 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/6739M_1-2022-5-24.pdf

For further information, please contact:

Ferguson plc

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/702615/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the share repurchase amount announced by Ferguson plc?

Ferguson plc announced a share repurchase of 120,000 ordinary shares for a total amount of £11,112,000 at £92.60 each.

How many shares does Ferguson plc hold in Treasury after the buyback?

After the buyback, Ferguson plc holds a total of 17,608,479 shares in Treasury.

What is the remaining number of shares in circulation after Ferguson's buyback?

Following the share repurchase, the remaining number of ordinary shares in circulation is 214,562,703.

When did Ferguson plc execute the share repurchase?

The share repurchase was executed on May 24, 2022.

Which broker conducted the share repurchase for Ferguson plc?

The share repurchase was conducted by Barclays Capital Securities Limited.