Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) announced a total buyback of 223,021 ordinary shares from July 25 to 29, 2022, as part of its $2 billion share repurchase program. The average purchase price varied, with notable values like 9,925.45 on July 25 and 10,209.80 on July 29. Post-purchase, the company holds 21,078,577 shares in treasury, reducing the number of ordinary shares in circulation to 211,092,605. The company now has a treasury share percentage of 10.01% of voting rights. Further purchase details are available through official investor channels.

Positive

• Completed buyback of 223,021 shares as part of a $2 billion repurchase program.
• Increased treasury shares to 21,078,577, representing 10.01% of voting rights.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / August 2, 2022 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 223,021 of its ordinary shares in the period from July 25, 2022 up to and including July 29, 2022 in connection with its $2 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
July 25, 2022	29,910	9,925.4455	XLON
July 26, 2022	13,117	9,640.0000	BATE
July 26, 2022	72,706	9,640.0000	XLON
July 27, 2022	43,827	9,586.0000	XLON
July 28, 2022	657	9,769.0389	XLON
July 29, 2022	62,804	10,209.7976	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 21,078,577

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 211,092,605. The figure of 211,092,605 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/5330U_1-2022-8-1.pdf

In addition, in accordance with DTR 5.5.1R, the Company confirms that following further purchases of its shares on August 1, 2022 the percentage of voting rights attributable to the shares the Company holds in treasury is now 10.01 per cent.

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/710482/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the total number of shares bought back by Ferguson plc in the recent repurchase?

Ferguson plc bought back a total of 223,021 ordinary shares.

What is the average purchase price of shares during the repurchase program?

The average purchase price varied, with notable prices such as 9,925.45 on July 25 and 10,209.80 on July 29.

What is the current number of shares held in treasury by Ferguson plc?

Ferguson plc currently holds 21,078,577 shares in treasury.

How many ordinary shares are outstanding after the recent buyback?

After the buyback, the number of ordinary shares outstanding is 211,092,605.

What percentage of voting rights does Ferguson plc have in treasury after the buyback?

After the buyback, Ferguson plc has 10.01% of voting rights attributable to treasury shares.