Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson PLC announced a share repurchase on February 2, 2022, buying back 26,028 ordinary shares at a price of £117.60 per share, part of its $1 billion share repurchase program initiated on September 28, 2021. With this purchase, the total shares held in treasury increases to 12,586,328, while 219,584,854 ordinary shares remain in circulation. The repurchased shares will be held in treasury, impacting the share count used for regulatory notifications under the Disclosure and Transparency Rules.

Positive

• Effective use of capital through share repurchase indicating confidence in company's valuation.
• Reduction in the number of shares outstanding may enhance earnings per share for remaining shareholders.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / February 3, 2022 / Ferguson PLC (the "Company") announces that on February 2, 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: 26,028

Date of transaction: February 2, 2022

Price paid per share: £117.600000

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 12,586,328 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,584,854.

The figure of 219,584,854 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/5290A_1-2022-2-2.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/687074/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the purpose of Ferguson PLC's share repurchase program?

The share repurchase program aims to utilize capital effectively and potentially enhance shareholder value by reducing the number of shares outstanding.

How many shares did Ferguson PLC repurchase on February 2, 2022?

Ferguson PLC repurchased 26,028 ordinary shares on February 2, 2022.

What was the price paid for the shares repurchased by Ferguson PLC?

The price paid per share for the repurchase was £117.60.

What is the total number of shares Ferguson PLC holds in treasury after the repurchase?

After the repurchase, Ferguson PLC holds a total of 12,586,328 shares in treasury.

What remains the number of ordinary shares in issue after the repurchase?

Following the share repurchase, the remaining number of ordinary shares in issue is 219,584,854.