Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 59,893 ordinary shares at a price of £95.162764 per share on May 12, 2022, as part of its $2 billion share repurchase program. Following this transaction, the total number of shares held in Treasury amounts to 16,913,122. The total shares outstanding after this repurchase will be 215,258,060. This announcement is in compliance with the Market Abuse Regulation, and further details can be accessed through the link provided.

Positive

• Initiation of a $2 billion share repurchase program shows confidence in the company's financial health.
• Reduction in the total shares outstanding could enhance earnings per share, benefiting shareholders.

Negative

• None.

WORKINGHAM, UK / ACCESSWIRE / May 13, 2022 / Ferguson plc (the "Company") announces that on May 12, 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: 59,893

Date of transaction: May 12, 2022

Price paid per share: £95.162764

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 16,913,122 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 215,258,060.

The figure of 215,258,060 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/3521L_1-2022-5-12.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/701222/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was Ferguson plc's ordinary share repurchase on May 12, 2022?

On May 12, 2022, Ferguson plc repurchased 59,893 ordinary shares at £95.162764 per share as part of its $2 billion buyback program.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc holds a total of 16,913,122 shares in Treasury after the recent repurchase.

What is the total number of ordinary shares outstanding after the repurchase?

After the repurchase of shares, Ferguson plc will have 215,258,060 ordinary shares outstanding.

What is the significance of the share repurchase for Ferguson plc shareholders?

The share repurchase can potentially increase earnings per share and reflects the company's confidence in its financial position.