Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 1,764 ordinary shares at £91.851031 each on April 27, 2021. This transaction is part of its $400 million share repurchase program initiated on March 16, 2021. The company now holds a total of 8,186,115 shares in Treasury, with 223,985,067 ordinary shares remaining in circulation. These shares are held for future use and will help shareholders determine their interest in the company according to the Disclosure and Transparency Rules.

Positive

• Share repurchase program of $400 million reflects confidence in the company's financial health.
• Ongoing repurchase activity may support share price stability by reducing supply.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / April 28, 2021 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG)announces that on April 27, 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: 1,764

Date of transaction: April 27, 2021

Price paid per share: £91.851031

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 8,186,115 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,985,067

The figure of 223,985,067 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/7789W_1-2021-4-27.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/642704/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share repurchase by Ferguson plc?

On April 27, 2021, Ferguson plc repurchased 1,764 of its ordinary shares as part of a $400 million share repurchase program.

How many shares does Ferguson plc hold in Treasury?

Ferguson plc currently holds 8,186,115 shares in Treasury.

What is the remaining number of ordinary shares after the repurchase?

After the recent repurchase, the remaining number of ordinary shares in issue is 223,985,067.

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

The price paid per share in the recent repurchase was £91.851031.