Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 78,006 ordinary shares at £110.25 each on February 11, 2022, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The shares will be held in Treasury, increasing total Treasury shares to 13,003,934. Post-transaction, 219,167,248 ordinary shares remain in circulation, serving as the denominator for shareholder interest notifications under the Disclosure and Transparency Rules.

Positive

• Continuation of a $1,000 million share repurchase program, enhancing shareholder value.
• Increase in shares held in Treasury, indicating commitment to returning value to shareholders.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / February 14, 2022 / Ferguson plc (the "Company") announces that on February 11, 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: 78,006

Date of transaction: February 11, 2022

Price paid per share: £110.250000

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 13,003,934 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,167,248.

The figure of 219,167,248 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/4995B_1-2022-2-11.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/688544/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What recent share repurchase has Ferguson plc conducted?

On February 11, 2022, Ferguson plc repurchased 78,006 ordinary shares at £110.25 each.

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

Ferguson plc now holds a total of 13,003,934 shares in Treasury.

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

After the repurchase, the total number of ordinary shares in issue is 219,167,248.

What is the significance of the repurchased shares for shareholders of Ferguson plc?

The repurchased shares can enhance shareholder value and may be used as a denominator for interest notifications under regulatory rules.