Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 20,000 ordinary shares at a price of £131 each on December 24, 2021, as part of its $1 billion share repurchase program initiated on September 28, 2021.

Following this transaction, Ferguson holds a total of 11,560,033 shares in Treasury, with 220,611,149 ordinary shares remaining in circulation. This figure is crucial for shareholders to determine their reporting obligations under the Disclosure and Transparency Rules.

Positive

• Execution of a $1 billion share repurchase program, indicating strong financial health.
• Reduction in the number of shares outstanding could enhance shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / December 29, 2021 / Ferguson plc (the "Company") announces that on December 24, 2021 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: 20,000

Date of transaction: December 24, 2021

Price paid per share: £131.000000

Broker: Barclays Capital Securities Limited

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 11,560,033 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,611,149.

The figure of 220,611,149 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/8065W_1-2021-12-24.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/679993/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on December 24, 2021?

Ferguson plc repurchased 20,000 ordinary shares at £131 each.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc holds 11,560,033 shares in Treasury.

What is the remaining number of ordinary shares in issue after Ferguson's repurchase?

The remaining number of ordinary shares in issue is 220,611,149.

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

The share repurchase program aims to enhance shareholder value and optimize capital structure.

Where can I find detailed information about Ferguson plc's share repurchase transactions?

Detailed information is available in the announcement attached to the company's press release.