Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 7,411 ordinary shares at a price of £113.54 each on March 1, 2022, as part of its $1 billion share repurchase program initiated on September 28, 2021. The company now holds 13,497,668 shares in Treasury, leaving 218,673,514 shares in circulation. This repurchase aligns with Ferguson's strategy to enhance shareholder value. Detailed purchase information is available as per regulatory requirements.

Positive

• Repurchased 7,411 shares at £113.54 each, part of $1 billion program.
• Total shares in Treasury increased to 13,497,668, indicating shareholder value enhancement.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / March 2, 2022 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on March 1, 2022 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: 7,411

Date of transaction: March 1, 2022

Price paid per share: £113.538911

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 13,497,668 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 218,673,514.

The figure of 218,673,514 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/2817D_1-2022-3-1.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/691059/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on March 1, 2022?

Ferguson plc repurchased 7,411 ordinary shares on March 1, 2022.

What is the price paid per share in the recent Ferguson plc repurchase?

The price paid per share in the recent repurchase was £113.54.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 13,497,668 shares in Treasury.

What is the remaining number of ordinary shares in issue for Ferguson plc?

The remaining number of ordinary shares in issue for Ferguson plc is 218,673,514.

What is the total amount allocated for Ferguson plc's share repurchase program?

The total amount allocated for Ferguson plc's share repurchase program is $1 billion.