Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

On November 2, 2021, Ferguson plc (LSE:FERG, NYSE:FERG) repurchased 15,800 ordinary shares at £112.37 each as part of its $1 billion share repurchase program initiated on September 28, 2021. The company now holds 10,574,063 shares in Treasury, with 221,597,119 ordinary shares remaining in circulation. This repurchase is intended to support shareholder value. Details regarding individual purchases are available in the release. The announcement complies with the EU Market Abuse Regulation under UK law.

Positive

• Initiated $1 billion share repurchase program to enhance shareholder value.
• Repurchased 15,800 shares, reinforcing commitment to return capital to shareholders.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 3, 2021 / Transaction in own shares

Ferguson plc (LSE:FERG)(NYSE:FERG) (the "Company") announces that on November 02, 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: 15,800

Date of transaction: November 02, 2021

Price paid per share: £112.372481

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 10,574,063 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,597,119.

The figure of 221,597,119 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/1259R_1-2021-11-2.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/670900/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the purpose of Ferguson plc's recent share repurchase?

Ferguson plc's recent share repurchase aims to enhance shareholder value as part of its $1 billion share repurchase program.

How many shares did Ferguson plc repurchase on November 2, 2021?

Ferguson plc repurchased 15,800 ordinary shares on November 2, 2021.

What is the current number of ordinary shares in circulation for Ferguson plc?

Following the recent repurchase, there are 221,597,119 ordinary shares in circulation for Ferguson plc.

What was the price paid per share during the repurchase by Ferguson plc?

Ferguson plc paid £112.37 per share during the repurchase on November 2, 2021.