Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced on January 31, 2023, its purchase of 125,964 ordinary shares from January 23 to January 27, 2023, as part of its $2.5 billion share repurchase program. The purchases took place on the XLON trading venue with varying weighted average prices, recorded as follows:

• January 23: 21,303 shares at 11,127.66
• January 24: 25,609 shares at 11,210.41
• January 25: 38,229 shares at 11,095.98
• January 26: 16,088 shares at 11,200.00
• January 27: 24,735 shares at 11,217.25

After these transactions, the total shares held in treasury will amount to 25,572,850, with 206,598,332 ordinary shares remaining in circulation.

Positive

• Completed purchase of 125,964 shares as part of the $2.5 billion repurchase program.
• Treasury shares increase to 25,572,850, signaling strong shareholder value focus.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / January 31, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 125,964 of its ordinary shares in the period from January 23, 2023, up to and including January 27, 2023, in connection with its $2.5 billion share repurchase program.

Aggregated information about the purchases carried out during this period

Trading day	Aggregate daily volume (in number of shares)	Daily weighted average purchase price of the shares	Trading venue
January 23, 2023	21,303	11,127.6643	XLON
January 24, 2023	25,609	11,210.4065	XLON
January 25, 2023	38,229	11,095.9777	XLON
January 26, 2023	16,088	11,200.0000	XLON
January 27, 2023	24,735	11,217.2508	XLON

The Company intends to hold these shares in treasury. Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 25,572,850.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 206,598,332. The figure of 206,598,332 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/3903O_1-2023-1-31.pdf

For further information please contact:

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/737392/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson's recent share repurchase activity?

Ferguson plc repurchased 125,964 shares from January 23 to January 27, 2023, as part of its $2.5 billion share repurchase program.

What is the total number of shares Ferguson has in treasury after the recent purchases?

After the recent purchases, Ferguson will hold a total of 25,572,850 shares in treasury.

How many ordinary shares are outstanding after Ferguson's recent buyback?

Following the share repurchase, there will be 206,598,332 ordinary shares outstanding.

What were the average purchase prices for Ferguson's share repurchase?

The average purchase prices ranged from 11,095.98 to 11,217.25 across the five trading days.