Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced on June 15, 2021, that it repurchased 34,090 of its ordinary shares at £98.18 each as part of its $400 million share repurchase program initiated on March 16, 2021. The company now holds 9,083,889 shares in Treasury, with a remaining share count of 223,087,293. This transaction provides shareholders with updated denominators for interest notification under the Disclosure and Transparency Rules. Detailed purchase information is included in the transaction announcement.

Positive

• Repurchased 34,090 shares, signaling confidence in the company's value.
• Total amount allocated for share repurchase is $400 million, indicating strong financial health.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 16, 2021 / Ferguson plc (LSE:FERG)(NYSE:FERG) Ferguson plc (the 'Company') announces that on June 15, 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: 34,090

Date of transaction: June 15, 2021

Price paid per share: £98.180000

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 9,083,889 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,087,293.

The figure of 223,087,293 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/0123C_1-2021-6-15.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/651911/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the significance of Ferguson plc's share repurchase announced on June 15, 2021?

Ferguson's share repurchase reflects confidence in its financial position, and it reduces the number of shares outstanding, potentially enhancing shareholder value.

How many shares did Ferguson plc repurchase on June 15, 2021?

Ferguson plc repurchased 34,090 ordinary shares on June 15, 2021.

What was the price per share for Ferguson plc's repurchase on June 15, 2021?

The price paid per share for the repurchase was £98.18.

How many shares does Ferguson plc hold in Treasury after the repurchase?

After the repurchase, Ferguson plc holds a total of 9,083,889 shares in Treasury.

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

The remaining number of ordinary shares in issue is 223,087,293.