Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) announced the purchase of 97,013 ordinary shares on October 3, 2022, as part of its $2.5 billion share repurchase program. The trades included 80,041 shares at a daily weighted average price of 9,346.3538 on the XLON trading venue, and an additional 16,972 shares at the same price on the BATE trading venue. Following these purchases, Ferguson holds 23,670,512 shares in treasury, reducing the total active shares to 208,500,670. This amount serves as a denominator for shareholders to assess their notification obligations under regulatory rules.

Positive

• Acquisition of 97,013 shares indicates strong commitment to return capital to shareholders.
• Share buyback could enhance earnings per share and support stock price.
• Continued execution of the $2.5 billion share repurchase program underlines confidence in company's valuation.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / October 10, 2022 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 97,013 of its ordinary shares in the period from October 3, 2022 up to and including October 3, 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
October 3, 2022	80,041	9,346.3538	XLON
October 3, 2022	16,972	9,346.3538	BATE

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 23,670,512.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 208,500,670. The figure of 208,500,670 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/2442C_1-2022-10-7.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/719602/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the purpose of Ferguson plc's share repurchase on October 3, 2022?

The share repurchase was part of Ferguson plc's $2.5 billion share repurchase program aimed at returning capital to shareholders.

How many shares did Ferguson plc buy back on October 3, 2022?

Ferguson plc bought back a total of 97,013 ordinary shares on October 3, 2022.

What is the remaining number of ordinary shares available after the buyback?

After the buyback, the remaining number of ordinary shares in issue is 208,500,670.

What price did Ferguson plc pay for its shares on October 3, 2022?

Ferguson plc paid a daily weighted average price of 9,346.3538 for its shares on October 3, 2022.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc currently holds 23,670,512 shares in treasury following the recent buyback.