Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 140,000 ordinary shares at a price of £101.80 each as part of its $2 billion share repurchase program on April 4, 2022. These shares will be held in treasury, increasing the total treasury shares to 14,950,299. Following this transaction, the total number of ordinary shares outstanding will be 217,220,883, which shareholders can use to calculate their interests per the Disclosure and Transparency Rules.

Positive

• Share repurchase program of $2 billion enhances shareholder value.
• 140,000 shares bought at £101.80 strengthens treasury shareholdings.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / April 5, 2022 / Ferguson plc (the "Company") announces that on April 4, 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: 140,000

Date of transaction: April 4, 2022

Price paid per share: £101.800000

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 14,950,299 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 217,220,883.

The figure of 217,220,883 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/2226H_1-2022-4-4.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/696027/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What did Ferguson plc announce on April 4, 2022?

Ferguson plc announced the repurchase of 140,000 ordinary shares as part of its $2 billion share repurchase program.

What is the price paid per share in Ferguson's recent repurchase?

Ferguson plc paid £101.80 per share for the 140,000 shares repurchased.

How many shares will Ferguson hold in treasury after the recent buyback?

After the repurchase, Ferguson plc will hold 14,950,299 shares in treasury.

What is the total number of ordinary shares outstanding after Ferguson's share repurchase?

The total number of ordinary shares outstanding will be 217,220,883.

How does Ferguson's share buyback affect shareholder calculations?

Shareholders can use the total of 217,220,883 shares as a denominator for interest calculations under the Disclosure and Transparency Rules.