Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced a share repurchase transaction where it bought back 42,485 ordinary shares at a price of £116.20 each on February 1, 2022. This transaction is part of a larger $1 billion share buyback program initiated on September 28, 2021. Following this purchase, Ferguson holds 12,560,300 shares in Treasury, and the total number of ordinary shares in issue is now 219,610,882. Shareholders can use this figure for their interest notifications under the Disclosure and Transparency Rules.

Positive

• Engages in a $1 billion share repurchase program, indicating strong cash flow and commitment to returning value to shareholders.
• Repurchase increases the Treasury shareholdings to 12,560,300, reflecting strategic management of shares.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / February 2, 2022 / Ferguson plc (the "Company") announces that on February 1, 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: 42,485

Date of transaction: February 1, 2022

Price paid per share: £116.200000

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 12,560,300 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,610,882.

The figure of 219,610,882 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/3811A_1-2022-2-1.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/686880/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on February 1, 2022?

Ferguson plc repurchased 42,485 ordinary shares at £116.20 each.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 12,560,300 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 219,610,882.

What is the significance of Ferguson plc's share buyback program?

The $1 billion share buyback program demonstrates Ferguson plc's strong financial position and commitment to enhancing shareholder value.