Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) has conducted a share repurchase program, purchasing 73,231 ordinary shares between February 27 and March 3, 2023, as part of its $2.5 billion initiative. The share repurchase aims to enhance shareholder value. The company now holds 26,116,518 shares in treasury, with a remaining 206,054,664 ordinary shares in circulation. The announcement complies with the Market Abuse Regulation and includes detailed information on individual purchases. For more inquiries, contact investor relations.

Positive

• Completed purchase of 73,231 shares, indicating ongoing commitment to shareholder value.
• Continues to execute on $2.5 billion share repurchase program.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / March 8, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 73,231 of its ordinary shares in the period from February 27, 2023, up to and including March 3, 2023, in connection with its $2.5 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
February 27, 2023	6,865	11,952.0881	XLON
February 28, 2023	20,967	11,923.7743	XLON
March 1, 2023	27,516	11,920.0000	XLON
March 2, 2023	4,199	11,955.6617	XLON
March 3, 2023	13,684	12,030.0000	XLON

The Company intends to hold these shares in treasury. Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 26,116,518.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 206,054,664. The figure of 206,054,664 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/1281S_1-2023-3-7.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/742622/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the total number of shares repurchased by Ferguson plc from February 27 to March 3, 2023?

Ferguson plc repurchased a total of 73,231 ordinary shares during this period.

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

The share repurchase program aims to enhance shareholder value.

How many shares does Ferguson plc currently hold in treasury after the recent buyback?

After the recent buyback, Ferguson plc holds 26,116,518 shares in treasury.

How many ordinary shares of Ferguson plc remain outstanding?

Following the buyback, there are 206,054,664 ordinary shares remaining in issue.

What financial regulation is Ferguson plc complying with regarding its share repurchase?

Ferguson plc's share repurchase complies with the Market Abuse Regulation.