Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) announced on March 25, 2021, that it repurchased 70,000 ordinary shares at a price of £85.65 each as part of its ongoing $400 million share repurchase program initiated on March 16, 2021. Following this transaction, Ferguson holds a total of 7,340,571 shares in Treasury, while the remaining number of ordinary shares in issue is 224,830,611. This information is crucial for shareholders and other stakeholders for compliance with the Disclosure and Transparency Rules.

Positive

• Repurchased 70,000 shares, demonstrating commitment to shareholder value.
• Currently holds 7,340,571 shares in Treasury, indicating strong capital management.

Negative

• None.

WOKINGHAM, ENGLAND / ACCESSWIRE / March 26, 2021 / Ferguson plc (NYSE:FERG)(LSE:FERG)Ferguson plc (the "Company") announces that on March 25, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase programme, details of which were announced on March 16, 2021.

Description of shares: Ferguson plc - ordinary shares of 10 pence
Number of shares repurchased: 70,000
Date of transaction: March 25, 2021
Price paid per share: £85.648676
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 7,340,571 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,830,611.

The figure of 224,830,611 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/5591T_1-2021-3-25.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Mark Fearon, Director of Communications and Investor Relations	+44 (0) 118 927 3800
	+44(0) 7711 875070

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/637556/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What share repurchase program did Ferguson plc announce?

Ferguson plc announced a $400 million share repurchase program on March 16, 2021.

How many shares did Ferguson plc repurchase on March 25, 2021?

Ferguson plc repurchased 70,000 ordinary shares on March 25, 2021.

What was the price per share for the repurchased Ferguson shares?

The price paid per share for the repurchased Ferguson shares was £85.65.

What is the remaining number of ordinary shares in issue after the buyback?

The remaining number of ordinary shares in issue is 224,830,611.