Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG, NYSE:FERG) announced on July 26, 2021, its share repurchase activity conducted on July 23, 2021. The company purchased 65,280 ordinary shares at a price of £103.531853 each, as part of its $400 million share repurchase program initiated on March 16, 2021. Following this transaction, 9,814,625 shares are held in Treasury, and the total number of ordinary shares in issue will be 222,356,557. This number serves as a key metric for shareholder notifications under the Disclosure and Transparency Rules.

Positive

• Completion of share repurchase program boosts shareholder value.
• Strong commitment to returning capital to shareholders.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / July 26, 2021 / Ferguson plc (the 'Company') (LSE:FERG)(NYSE:FERG) announces that on July 23, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase program, details of which were announced on March 16, 2021.

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

Number of shares repurchased: 65,280

Date of transaction: July 23, 2021

Price paid per share: £103.531853

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 9,814,625 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,356,557.

The figure of 222,356,557 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/3570G_1-2021-7-23.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Brian Lantz, Vice President IR and Communications	+1 224 285 2410

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/656967/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

How many shares did Ferguson plc repurchase on July 23, 2021?

Ferguson plc repurchased 65,280 ordinary shares on July 23, 2021.

What is the price paid per share in Ferguson's recent buyback?

The price paid per share was £103.531853.

What is the total number of shares in issue after the repurchase?

After the repurchase, the total number of ordinary shares in issue will be 222,356,557.

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

The share repurchase program aims to enhance shareholder value by returning capital.

Who acted as the broker for Ferguson's share buyback?

J.P. Morgan Securities plc acted as the broker for Ferguson's share buyback.