Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) reported the purchase of 204,178 ordinary shares from August 8 to August 12, 2022, under its $2 billion share repurchase program. The shares were acquired at a weighted average price of approximately $102.45 per share. Following this transaction, the total number of shares held in treasury will be 21,464,244, reducing the number of ordinary shares in issue to 210,706,938. This reduction can impact shareholder calculations regarding interests under the Disclosure Guidance and Transparency Rules.

Positive

• Purchase of 204,178 shares demonstrates proactive capital management.
• Share repurchase program reinforces investor confidence.
• Increase in treasury stock may enhance shareholder value.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / August 16, 2022 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 204,178 of its ordinary shares in the period from August 8, 2022 up to and including August 12, 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
August 8, 2022	50,093	102.450000	XLON
August 9, 2022	73,974	100.740080	XLON
August 9, 2022	33,719	100.740080	BATS
August 9, 2022	3,337	100.740080	CHIX
August 10, 2022	-	-	-
August 11, 2022	3,366	103.400000	XLON
August 12, 2022	39,689	102.800000	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 21,464,244.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 210,706,938. The figure of 210,706,938 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/0930W_1-2022-8-15.pdf

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/712243/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

How many shares did Ferguson buy in August 2022?

Ferguson purchased a total of 204,178 ordinary shares from August 8 to August 12, 2022.

What was the average purchase price of Ferguson's shares in August 2022?

The daily weighted average purchase price was approximately $102.45 per share.

What is Ferguson's share repurchase program value?

Ferguson's share repurchase program is valued at $2 billion.

What will be the remaining number of shares after Ferguson's repurchase?

After the repurchase, the total number of ordinary shares in issue will be 210,706,938.

How many shares will Ferguson hold in treasury after the recent purchases?

After the purchases, Ferguson will hold 21,464,244 shares in treasury.