Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 30,986 ordinary shares at a price of £115.40 each on January 26, 2022, as part of its $1 billion share repurchase program initiated on September 28, 2021. The company now holds a total of 12,389,861 shares in treasury, with the remaining number of ordinary shares in circulation at 219,781,321. This transaction is reported under the Market Abuse Regulation, and details have been provided for shareholder notification purposes.

Positive

• Repurchased 30,986 shares at £115.40 each, signaling confidence in the company's stock.
• Total treasury shares now amount to 12,389,861, potentially supporting stock price.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / January 27, 2022 / Ferguson plc (the "Company") announces that on January 26, 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: 30,986

Date of transaction: January 26, 2022

Price paid per share: £115.400000

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 12,389,861 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,781,321.

The figure of 219,781,321 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/7621Z_1-2022-1-26.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/685760/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the purpose of Ferguson plc's share repurchase announcement on January 26, 2022?

The share repurchase is part of Ferguson plc's $1 billion share repurchase program initiated on September 28, 2021.

How many shares did Ferguson plc repurchase on January 26, 2022?

Ferguson plc repurchased 30,986 ordinary shares on January 26, 2022.

What price did Ferguson plc pay for its repurchased shares?

Ferguson plc paid £115.40 per share for the repurchased shares.

How many ordinary shares are left in circulation after Ferguson plc's recent buyback?

After the buyback, there are 219,781,321 ordinary shares left in circulation.

Where can I find the details of the share repurchase by Ferguson plc?

Details of the share repurchase can be found in the announcement compliant with the Market Abuse Regulation.