Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) reported that it repurchased 203,326 ordinary shares between February 20-24, 2023, as part of its $2.5 billion share repurchase program. The average purchase prices varied across trading days, with the highest at 12,155.0000 and the lowest at 11,806.0744. Following these transactions, the company will hold 26,043,287 shares in treasury. The total number of ordinary shares in issue is now 206,127,895, which shareholders may use to calculate their interests under regulatory guidelines. Ferguson aims to utilize these shares for strategic business purposes.

Positive

• Total of 203,326 shares repurchased as part of $2.5 billion program.
• Effective use of share repurchase to potentially enhance shareholder value.
• Treasury shares now total 26,043,287, indicating a healthy repurchase strategy.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / February 28, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 203,326 of its ordinary shares in the period from February 20, 2023, up to and including February 24, 2023, 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
February 20, 2023	42,562	12,155.0000	XLON
February 21, 2023	69,382	11,910.0000	XLON
February 22, 2023	46,425	11,806.0744	XLON
February 23, 2023	7,488	11,905.0000	XLON
February 24, 2023	37,469	11,863.4974	XLON

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 26,043,287.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 206,127,895. The figure of 206,127,895 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/2081R_1-2023-2-27.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/741149/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the total number of shares repurchased by Ferguson plc on February 28, 2023?

Ferguson plc repurchased a total of 203,326 ordinary shares from February 20 to February 24, 2023.

What is the average purchase price of shares during the repurchase period?

The daily weighted average purchase prices varied, with the highest at 12,155.0000 and the lowest at 11,806.0744.

How many shares are currently held in treasury by Ferguson plc?

After the recent repurchase, Ferguson plc holds 26,043,287 shares in treasury.

What is the new number of ordinary shares issued after the recent repurchases?

The total number of ordinary shares in issue is now 206,127,895.