Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) reported the purchase of 69,330 ordinary shares from July 18 to July 22, 2022, as part of its $2 billion share repurchase program. The shares were acquired at varying prices, with the highest at 9,935.8305 on July 22. Following these purchases, Ferguson holds 20,855,556 treasury shares, leaving 211,315,626 ordinary shares in circulation. This announcement aligns with the company’s strategy to enhance shareholder value by reducing share count and is governed by the Market Abuse Regulation.

Positive

• Completed share purchases totaling 69,330 shares, demonstrating commitment to the $2 billion repurchase program.
• Increase in treasury shares to 20,855,556, which may enhance shareholder value by reducing the share count.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / July 26, 2022 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 69,330 of its ordinary shares in the period from July 18, 2022 up to and including July 22, 2022 in connection with its $2 billion share repurchase program.

Aggregated information about the purchases carried out during this period

Trading day	Aggregate daily volume (in number of shares)	Daily weighted average purchase price of the shares	Trading venue
July 18, 2022	1,945	9,525.2410	XLON
July 20, 2022	40,359	9,645.1809	XLON
July 21, 2022	20,496	9,745.6152	XLON
July 22, 2022	6,530	9,935.8305	XLON

The Company intends to hold these shares in treasury. Including shares which have been purchased but not yet settled, the Company holds 20,855,556 shares in treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 211,315,626. The figure of 211,315,626 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/6563T_1-2022-7-25.pdf

For further information please contact:
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/709754/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the share repurchase program for Ferguson (NYSE:FERG)?

Ferguson's share repurchase program is a $2 billion initiative aimed at acquiring its own shares to enhance shareholder value.

How many shares did Ferguson purchase in the week of July 18, 2022?

Ferguson purchased a total of 69,330 ordinary shares between July 18 and July 22, 2022.

What was the highest purchase price for shares during Ferguson's recent buyback?

The highest purchase price during the recent buyback was 9,935.8305 on July 22, 2022.

How many treasury shares does Ferguson hold after the latest buyback?

After the latest buyback, Ferguson holds 20,855,556 treasury shares.

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

Following the buyback, the total number of ordinary shares in circulation for Ferguson is 211,315,626.