Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG)(NYSE:FERG) has announced the purchase of 30,861 ordinary shares at £101.061695 each on July 28, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The shares will be held in Treasury, increasing the total Treasury shares to 9,865,292. Post-transaction, the total number of ordinary shares in issue is 222,305,890. This information is critical for shareholder notifications under the Disclosure and Transparency Rules.

Positive

• Share repurchase of 30,861 shares boosts shareholder value.
• Total shares now held in Treasury reached 9,865,292.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / July 29, 2021 / Ferguson plc (the 'Company') (LSE:FERG)(NYSE:FERG) announces that on July 28, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase program, details of which were announced on March 16, 2021.

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

Number of shares repurchased: 30,861

Date of transaction: July 28, 2021

Price paid per share: £101.061695

Broker: J.P. Morgan Securities plc

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 9,865,292 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,305,890.

The figure of 222,305,890 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/8160G_1-2021-7-28.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/657543/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the total number of shares repurchased by Ferguson plc on July 28, 2021?

Ferguson plc repurchased a total of 30,861 shares on July 28, 2021.

What was the price paid per share during the repurchase by Ferguson plc?

Ferguson plc paid £101.061695 per share during the repurchase.

How many ordinary shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 9,865,292 shares in Treasury.

What is the remaining number of ordinary shares in issue after Ferguson plc's repurchase?

After the repurchase, the remaining number of ordinary shares in issue is 222,305,890.

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

The share repurchase is significant as it enhances shareholder value and affects the calculation of share interests under the Disclosure and Transparency Rules.