Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 10,659 ordinary shares at £99.70 each on June 28, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. With this transaction, the company now holds a total of 9,353,329 shares in Treasury, while 222,817,853 ordinary shares remain in issue. The repurchase is intended to enhance shareholder value and will be used to meet obligations under its employee share schemes. Detailed information on purchases will be available in compliance with market regulations.

Positive

• Share repurchase program of $400 million indicates a commitment to enhancing shareholder value.
• Reduction in outstanding shares can positively affect share price.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / June 29, 2021 / Ferguson plc (the 'Company') announces that on June 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: 10,659

Date of transaction: June 28, 2021

Price paid per share: £99.700000

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 9,353,329 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,817,853.

The figure of 222,817,853 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/3874D_1-2021-6-28.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/653455/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on June 28, 2021?

Ferguson plc repurchased 10,659 ordinary shares at £99.70 each.

How many shares does Ferguson plc currently hold in Treasury?

The company currently holds 9,353,329 shares in Treasury.

What is the purpose of Ferguson's share repurchase program?

The program aims to enhance shareholder value and meet obligations under employee share schemes.

What is the total number of shares outstanding after the repurchase?

After the repurchase, there are 222,817,853 ordinary shares outstanding.

Who handled the share repurchase transaction for Ferguson plc?

The share repurchase was handled by J.P. Morgan Securities plc.