Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a share repurchase on May 27, 2022, as part of its $2 billion buyback program. The company repurchased 58,581 ordinary shares at a price of £95.102072 per share, managed by Barclays Capital Securities Limited. Post-transaction, Ferguson holds 17,709,862 shares in Treasury, with 214,461,320 shares remaining in circulation. This repurchase allows shareholders to update their interests under the Disclosure and Transparency Rules.

Positive

• Successful repurchase of 58,581 shares as part of a $2 billion buyback program.
• Company holds a significant number of shares in Treasury, enhancing shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / May 30, 2022 / Ferguson plc (the "Company") announces that on May 27, 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: 58,581

Date of transaction: May 27, 2022

Price paid per share: £95.102072

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 17,709,862 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 214,461,320.

The figure of 214,461,320 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/1511N_1-2022-5-27.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/703193/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share repurchase amount for Ferguson plc?

Ferguson plc repurchased 58,581 ordinary shares on May 27, 2022, as part of its $2 billion share repurchase program.

What was the price paid per share in the Ferguson plc repurchase?

The price paid per share during the repurchase was £95.102072.

How many shares does Ferguson plc hold in Treasury after the repurchase?

After the repurchase, Ferguson plc holds 17,709,862 shares in Treasury.

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

Following the recent purchase, the remaining number of ordinary shares in issue is 214,461,320.