Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 140,000 of its ordinary shares at £99.19 each as part of its $2 billion share repurchase program on May 3, 2022. This brings the total shares held in treasury to 16,212,700, with 215,958,482 ordinary shares remaining in circulation. The share buyback is a strategic move to enhance shareholder value, allowing existing shareholders to use the new total for interest notifications under the Disclosure and Transparency Rules. The broker for this transaction was Barclays Capital Securities Limited.

Positive

• Implementation of a $2 billion share repurchase program, indicating strong capital management.
• Share repurchase of 140,000 shares could enhance shareholder value.
• Total treasury shares now amount to 16,212,700, supporting stock price stability.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / May 4, 2022 / Ferguson plc (the "Company") announces that on May 03, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each in connection with its $2 billion share repurchase program.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 140,000

Date of transaction: May 03, 2022

Price paid per share: £99.190509

Broker: Barclays Capital Securities Limited

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 16,212,700 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 215,958,482.

The figure of 215,958,482 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/1958K_1-2022-5-3.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/700042/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase amount for Ferguson plc on May 3, 2022?

Ferguson plc repurchased 140,000 ordinary shares on May 3, 2022.

What is the price paid per share in the Ferguson plc buyback?

The price paid per share was £99.19.

How many shares are currently held in treasury by Ferguson plc?

Ferguson plc holds a total of 16,212,700 shares in treasury.

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

After the repurchase, the remaining number of ordinary shares is 215,958,482.

Who was the broker for Ferguson plc's share repurchase transaction?

The broker for the transaction was Barclays Capital Securities Limited.