Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 72,994 of its ordinary shares for treasury on November 29, 2021, as part of its $1 billion share repurchase program initiated on September 28, 2021. The shares were bought at a price of £115.43 each through Barclays Capital Securities Limited. After this transaction, Ferguson holds a total of 11,180,056 shares in treasury, with 220,991,126 shares remaining in issue. This repurchase aligns with the company's strategy to enhance shareholder value.

Positive

• Repurchase of 72,994 shares strengthens shareholder value.
• Total treasury shares increased to 11,180,056.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 30, 2021 / Ferguson plc (the "Company") announces that on November 29, 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: 72,994

Date of transaction: November 29, 2021

Price paid per share: £115.434340

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 11,180,056 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,991,126.

The figure of 220,991,126 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/9480T_1-2021-11-29.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/675209/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the significance of Ferguson's recent share repurchase?

Ferguson's share repurchase aims to enhance shareholder value by reducing the number of outstanding shares.

How many shares did Ferguson purchase on November 29, 2021?

Ferguson purchased 72,994 ordinary shares on November 29, 2021.

What was the price paid per share during the repurchase?

The price paid per share during the repurchase was £115.43.

What is the total number of shares Ferguson holds in treasury after the purchase?

After the purchase, Ferguson holds a total of 11,180,056 shares in treasury.

How many ordinary shares are remaining in issue after the repurchase?

There are 220,991,126 ordinary shares remaining in issue following the repurchase.