Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE: FERG) reported the purchase of 260,000 ordinary shares from December 19 to December 23, 2022, under its $2.5 billion share repurchase program. The daily purchase details included:

• December 19: 60,000 shares at £10,236.15
• December 20: 70,000 shares at £10,175.00
• December 21: 80,000 shares at £10,276.40
• December 22: 50,000 shares at £10,250.00

After this purchase, the total shares held in treasury will be 24,836,019, leaving 207,335,163 ordinary shares in issue.

Positive

• Completed purchase of 260,000 shares, supporting stock value.
• Active share repurchase program totaling $2.5 billion indicating strong financial position.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / December 28, 2022 / Ferguson plc (NYSE: FERG, LSE: FERG) (the "Company") announces today that it purchased a total of 260,000 of its ordinary shares in the period from December 19, 2022 up to and including December 23, 2022 in connection with its $2.5 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
December 19, 2022	60,000	10,236.1520	XLON
December 20, 2022	70,000	10,175.0000	XLON
December 21, 2022	80,000	10,276.4006	XLON
December 22, 2022	50,000	10,250.0000	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 24,836,019.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 207,335,163. The figure of 207,335,163 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/9731K_1-2022-12-27.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/733386/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the significance of Ferguson's recent share repurchase announcement?

Ferguson announced the purchase of 260,000 shares as part of its $2.5 billion repurchase program, reflecting confidence in its financial stability.

How many shares does Ferguson hold in treasury after the recent repurchase?

After the repurchase, Ferguson will hold a total of 24,836,019 shares in treasury.

What was the average purchase price per share during the repurchase period?

The average purchase price varied, with prices ranging from £10,175.00 to £10,276.40 across the trading days.

How many ordinary shares are currently outstanding for Ferguson after the buyback?

Following the repurchase, there will be 207,335,163 ordinary shares in issue.

When did Ferguson conduct its share repurchase?

The share repurchase occurred from December 19 to December 23, 2022.