Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 40,000 ordinary shares at £105.164879 each on October 15, 2021, under its $1 billion share repurchase program initiated on September 28, 2021. This transaction brings the total number of shares held in Treasury to 10,346,551, with 221,824,631 ordinary shares remaining in issue. Shareholders can utilize this figure for interest notifications as per the Disclosure and Transparency Rules.

Positive

• Share repurchase program worth $1 billion indicating confidence in company value.
• Reduction in shares outstanding may enhance earnings per share and shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / October 18, 2021 / Ferguson plc (the "Company") announces that on October 15, 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: 40,000

Date of transaction: October 15, 2021

Price paid per share: £105.164879

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 10,346,551 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,824,631.

The figure of 221,824,631 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/2989P_1-2021-10-15.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/668480/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share repurchase by Ferguson plc?

Ferguson plc repurchased 40,000 ordinary shares at £105.164879 each on October 15, 2021.

How many shares does Ferguson plc hold in Treasury after the purchase?

The company holds a total of 10,346,551 shares in Treasury following the recent purchase.

What is the total number of ordinary shares in issue after the share repurchase?

After the share buyback, there are 221,824,631 ordinary shares remaining in issue.

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

The share repurchase program aims to enhance shareholder value and reflects the company's confidence in its financial position.