Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 85,680 ordinary shares at £112.60 each on February 4, 2022, as part of its $1,000 million share repurchase program initiated on September 28, 2021. Following this transaction, the total number of shares held in Treasury amounts to 12,743,496, while the remaining ordinary shares in circulation will total 219,427,686. This repurchase aligns with the company's strategy to manage its capital structure effectively, benefiting its shareholders.

Positive

• Repurchased 85,680 shares at £112.60 each, enhancing shareholder value.
• Total shares in Treasury now stand at 12,743,496, indicating a strong buyback strategy.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / February 7, 2022 / Ferguson plc (the "Company") announces that on February 4, 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: 85,680

Date of transaction: February 4, 2022

Price paid per share: £112.600000

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 12,743,496 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,427,686.

The figure of 219,427,686 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/8020A_1-2022-2-4.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/687517/Ferguson-PLC-Announces-Transaction-in-Own-Shares