Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a share repurchase transaction on May 16, 2022, as part of its $2 billion program. The company repurchased 40,516 ordinary shares at a price of £96.96 per share through Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 16,953,638 shares in treasury, leaving 215,217,544 shares outstanding. This repurchase aims to optimize shareholder value and may impact the share price positively.

Positive

• Initiated $2 billion share repurchase program.
• Repurchased 40,516 shares at £96.96 each, demonstrating strong capital management.
• Increased treasury shares to 16,953,638, potentially supporting share price.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / May 17, 2022 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces that on May 16, 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: 40,516

Date of transaction: May 16, 2022

Price paid per share: £96.960000

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 16,953,638 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 215,217,544.

The figure of 215,217,544 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/6893L_1-2022-5-16.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/701692/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on May 16, 2022?

On May 16, 2022, Ferguson plc repurchased 40,516 ordinary shares as part of its share repurchase program.

How much did Ferguson plc pay per share during the repurchase?

Ferguson plc paid £96.96 per share during the repurchase on May 16, 2022.

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

After the repurchase, Ferguson plc holds a total of 16,953,638 shares in treasury.

How many ordinary shares are outstanding after Ferguson's share repurchase?

Following the repurchase, Ferguson plc has 215,217,544 ordinary shares outstanding.

Which broker facilitated the share repurchase for Ferguson plc?

The share repurchase for Ferguson plc was facilitated by Barclays Capital Securities Limited.