Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a share repurchase of 34,540 ordinary shares at a price of £105.01 each on July 13, 2021, as part of its $400 million share repurchase program. Following this transaction, Ferguson holds 9,607,729 shares in Treasury, with 222,563,453 ordinary shares remaining in circulation. This repurchase aims to optimize shareholder value and reflects the company's commitment to returning capital to its shareholders. The information complies with the Market Abuse Regulation and is essential for shareholder interest calculations.

Positive

• Successful repurchase of 34,540 shares as part of a $400 million program.
• Demonstrates commitment to returning value to shareholders.
• Total shares in Treasury now at 9,607,729.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / July 14, 2021 / Ferguson plc (the 'Company') announces that on July 13, 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: 34,540

Date of transaction: July 13, 2021

Price paid per share: £105.010750

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 9,607,729 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,563,453.

The figure of 222,563,453 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 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/1297F_1-2021-7-13.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/655437/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share repurchase by Ferguson plc?

Ferguson plc repurchased 34,540 ordinary shares at £105.01 each on July 13, 2021.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc now holds 9,607,729 shares in Treasury following the recent buyback.

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

After the repurchase, there are 222,563,453 ordinary shares remaining in circulation.

What was the purpose of Ferguson plc's share repurchase program?

The share repurchase program aims to enhance shareholder value and return capital to investors.

How does the share repurchase affect Ferguson plc's shareholders?

Shareholders can use the updated share count to determine their interest disclosures under the Disclosure and Transparency Rules.