Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) announced the repurchase of 152,744 ordinary shares on June 24, 2022, as part of its $2 billion share repurchase program. The shares were acquired at a weighted average price of $9,046.2394 per share. With this purchase, Ferguson now holds a total of 19,995,729 shares in treasury. The remaining outstanding shares in issue amount to 212,175,453, which serves as the denominator for shareholder notifications under transparency regulations. This transaction was conducted in compliance with EU market regulations.

Positive

• Completed purchase of 152,744 shares under $2 billion share repurchase plan.
• Total shares held in treasury increased to 19,995,729.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 28, 2022 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 152,744 of its ordinary shares in the period from June 24, 2022 up to and including June 24, 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
June 24, 2022	152,744	9,046.2394	XLON

The Company intends to hold these shares in treasury. Including shares which have been purchased but not yet settled, the Company holds 19,995,729 shares in treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 212,175,453. The figure of 212,175,453 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/3758Q_1-2022-6-27.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/706718/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share purchase amount for Ferguson plc on June 24, 2022?

Ferguson plc purchased 152,744 ordinary shares on June 24, 2022.

What is the total number of shares held in treasury by Ferguson plc?

Ferguson plc holds a total of 19,995,729 shares in treasury.

What was the average purchase price per share for Ferguson plc's recent buyback?

The daily weighted average purchase price of the shares was $9,046.2394.

How many ordinary shares remain outstanding for Ferguson plc after the buyback?

After the buyback, the remaining number of ordinary shares in issue is 212,175,453.