Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 37,157 ordinary shares of 10 pence each on April 1, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The shares were bought at £88.741875 each through Barclays Capital Securities Limited. After this transaction, Ferguson holds a total of 7,556,249 shares in Treasury, with the total number of ordinary shares in circulation now at 224,614,933. This figure is crucial for shareholders for compliance with the Disclosure and Transparency Rules.

Positive

• Share repurchase signifies company confidence in its stock.
• Completion of repurchase program enhances shareholder value.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / April 6, 2021 / Ferguson plc (the "Company") announces that on April 01, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase programme, details of which were announced on March 16, 2021.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 37,157

Date of transaction: April 01, 2021

Price paid per share: £88.741875

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 7,556,249 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,614,933.

The figure of 224,614,933 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/3983U_1-2021-4-1.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Mark Fearon, Director of Communications and Investor Relations	+44 (0) 118 927 3800
	+44(0) 7711 875070

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/639084/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the significance of Ferguson's share repurchase announcement on April 1, 2021?

Ferguson's share repurchase reflects the company's confidence in its financial position and aims to enhance shareholder value.

How many shares did Ferguson repurchase on April 1, 2021?

Ferguson repurchased 37,157 ordinary shares of 10 pence each.

What was the price paid per share in Ferguson's repurchase deal?

The price paid per share was £88.741875.

What will be the total number of shares in circulation after Ferguson's repurchase?

After the repurchase, the total number of ordinary shares in issue will be 224,614,933.

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

After the transaction, Ferguson holds 7,556,249 shares in Treasury.