Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 42,434 ordinary shares at a price of £118.284036 each on November 24, 2021, as part of its $1,000 million share repurchase program launched on September 28, 2021.

Post-transaction, Ferguson holds a total of 11,027,062 shares in Treasury, with 221,144,120 ordinary shares remaining in circulation.

This buyback may affect shareholder equity and could signal confidence in the company's financial health.

Positive

• Successful repurchase of 42,434 shares enhances shareholder value.
• Total shares in Treasury now amount to 11,027,062, potentially reducing supply and supporting share price.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 25, 2021 / Ferguson plc (the "Company") announces that on November 24, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $1,000 million share repurchase program, details of which were announced on September 28, 2021.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 42,434

Date of transaction: November 24, 2021

Price paid per share: £118.284036

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 11,027,062 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,144,120.

The figure of 221,144,120 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/5125T_1-2021-11-24.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Brian Lantz, Vice President IR and Communications	+1 224 285 2410

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/674686/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was Ferguson's recent share buyback amount?

Ferguson repurchased 42,434 ordinary shares on November 24, 2021.

What is the price per share for Ferguson's recent buyback?

The price paid per share in the recent buyback was £118.284036.

How many shares does Ferguson hold in Treasury following the buyback?

Ferguson holds a total of 11,027,062 shares in Treasury after the buyback.

How many ordinary shares are left in circulation for Ferguson?

After the buyback, there are 221,144,120 ordinary shares remaining in circulation.