Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a share repurchase on January 14, 2022, as part of its $1 billion program initiated on September 28, 2021. The company repurchased 39,812 ordinary shares at a price of £124.55 each, bringing the total shares held in Treasury to 11,978,822. Following this transaction, the total number of ordinary shares in issue will be 220,192,360. This information is crucial for shareholders calculating their interests under the Disclosure and Transparency Rules.

Positive

• Repurchased 39,812 shares at £124.55 each, demonstrating commitment to shareholder value.
• Total Treasury shares now at 11,978,822, indicating solid buyback activity.
• Supports share price stability and enhances shareholder returns.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / January 17, 2022 / Ferguson plc (the "Company") announces that on January 14, 2022 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: 39,812

Date of transaction: January 14, 2022

Price paid per share: £124.550000

Broker: J.P. Morgan Securities plc

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 11,978,822 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,192,360.

The figure of 220,192,360 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/5446Y_1-2022-1-14.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/683676/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson plc's recent share repurchase announcement?

Ferguson plc announced a repurchase of 39,812 ordinary shares at £124.55 each on January 14, 2022.

How many shares does Ferguson plc currently hold in Treasury?

After the recent buyback, Ferguson plc holds a total of 11,978,822 shares in Treasury.

What is the total number of ordinary shares in issue for Ferguson plc after the buyback?

The total number of ordinary shares in issue will be 220,192,360 following the recent transaction.

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

Ferguson plc's share repurchase program is valued at $1 billion.