Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has completed a share repurchase transaction as part of its ongoing $400 million program initiated on March 16, 2021. On May 7, 2021, the company repurchased 21,358 ordinary shares at a price of £94.11 each. This brings the total shares held in Treasury to 8,373,205. Following this transaction, the total number of ordinary shares in circulation is now 223,797,977. This buyback initiative is aimed at enhancing shareholder value and could influence future stock performance.

Positive

• Completed share repurchase of 21,358 shares, reinforcing commitment to shareholder value.
• Total shares in Treasury increased to 8,373,205, indicating strong buyback activity.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / May 10, 2021 / Ferguson plc (the "Company") announces that on May 07, 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: 21,358

Date of transaction: May 07, 2021

Price paid per share: £94.114283

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 8,373,205 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,797,977

The figure of 223,797,977 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/9911X_1-2021-5-7.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/645987/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share repurchase by Ferguson plc (FERG)?

Ferguson plc repurchased 21,358 ordinary shares at £94.11 each on May 7, 2021, under its $400 million buyback program.

How many shares does Ferguson plc currently hold in Treasury?

After the recent transaction, Ferguson plc holds 8,373,205 shares in Treasury.

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

Post-buyback, Ferguson plc has 223,797,977 ordinary shares in issue.

Who is the broker involved in Ferguson plc's share repurchase?

The broker for the share repurchase was Barclays Capital Securities Limited.