Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the purchase of 47,595 ordinary shares under its $1,000 million share repurchase program on October 29, 2021. This acquisition at a price of £109.26 per share will be held in Treasury. Post-transaction, Ferguson will have a total of 10,557,893 shares in Treasury, reducing the ordinary shares outstanding to 221,613,289. This figure will serve as the denominator for shareholder notification obligations under the Disclosure and Transparency Rules.

Positive

• Executed a share repurchase of 47,595 ordinary shares, indicating confidence in stock valuation.
• Total shares held in Treasury now amount to 10,557,893, enhancing shareholder value.
• Remaining ordinary shares in issue reduced to 221,613,289, potentially impacting stock price positively.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 1, 2021 / Ferguson plc (the "Company") announces that on October 29, 2021 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: 47,595

Date of transaction: October 29, 2021

Price paid per share: £109.260436

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 10,557,893 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,613,289.

The figure of 221,613,289 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/8019Q_1-2021-10-29.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Brian Lantz, Vice President IR and Communications	+1 224 285 2410

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/670507/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share repurchase announcement by Ferguson plc?

Ferguson plc announced the repurchase of 47,595 ordinary shares on October 29, 2021, under its $1,000 million share buyback program.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds a total of 10,557,893 shares in Treasury.

What was the price paid per share in the recent Ferguson plc share buyback?

Ferguson plc paid £109.26 per share for the repurchase of 47,595 ordinary shares.

What is the impact of Ferguson plc's share repurchase on shares outstanding?

Following the repurchase, the remaining ordinary shares in issue will be 221,613,289.