Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 38,267 ordinary shares at a price of £114.65 each on November 30, 2021. This transaction is part of its ongoing $1,000 million share repurchase program initiated on September 28, 2021. Following this buyback, Ferguson holds a total of 11,218,323 shares in Treasury, leaving 220,952,859 ordinary shares outstanding. The share repurchase program aims to enhance shareholder value.

Positive

• Completion of 38,267 share repurchase at £114.65 each, reinforcing commitment to shareholder value.
• Total of 11,218,323 shares now held in Treasury, supporting potential future value increase.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / December 1, 2021 / Ferguson plc (the "Company") announces that on November 30, 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: 38,267

Date of transaction: November 30, 2021

Price paid per share: £114.650000

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 11,218,323 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,952,859.

The figure of 220,952,859 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/1064U_1-2021-11-30.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/675459/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

How many shares did Ferguson plc repurchase on November 30, 2021?

Ferguson plc repurchased 38,267 ordinary shares on November 30, 2021.

What was the price paid per share in Ferguson's recent buyback?

The price paid per share in the recent buyback was £114.65.

What is the purpose of Ferguson plc's $1,000 million share repurchase program?

The purpose of the share repurchase program is to enhance shareholder value.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 11,218,323 shares in Treasury.

What will be the total number of ordinary shares in issue after the repurchase?

After the repurchase, the total number of ordinary shares in issue will be 220,952,859.