Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc completed a share repurchase on May 17, 2022, acquiring 22,853 ordinary shares at a price of £98.765860 each, as part of its $2 billion share repurchase program. The total number of shares held in treasury now amounts to 16,976,491, while 215,194,691 ordinary shares are still in circulation. This transaction allows shareholders to calculate their interests under the Disclosure and Transparency Rules. The share buyback is a strategic move aimed at enhancing shareholder value.

Positive

• Share repurchase aligns with the $2 billion program, indicating a commitment to returning value to shareholders.
• Reduction in the number of shares in circulation can enhance earnings per share and potentially improve stock value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / May 18, 2022 / Ferguson plc (the "Company") announces that on May 17, 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: 22,853

Date of transaction: May 17, 2022

Price paid per share: £98.765860

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 16,976,491 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 215,194,691.

The figure of 215,194,691 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/8417L_1-2022-5-17.pdf

For further information, please contact:

Ferguson plc

Brian Lantz, Vice President IR and Communications	+1 224 285 241
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/701840/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What did Ferguson plc announce on May 17, 2022?

Ferguson plc announced the repurchase of 22,853 ordinary shares as part of its $2 billion share repurchase program.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc currently holds 16,976,491 shares in treasury.

What is the price paid per share in the latest repurchase?

The price paid per share in the latest repurchase was £98.765860.

How many ordinary shares are in circulation after the repurchase?

After the repurchase, there are 215,194,691 ordinary shares in circulation.

Who was the broker for the recent share repurchase by Ferguson plc?

The broker for the recent share repurchase was Barclays Capital Securities Limited.