Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 57,176 ordinary shares of 10 pence each as part of its $1 billion share repurchase program initiated on September 28, 2021. The shares were bought on March 24, 2022, at a price of £108.60 per share, through J.P. Morgan Securities plc. Post-transaction, the company holds a total of 14,370,299 shares in treasury, with 217,800,883 ordinary shares remaining in circulation. This repurchase aligns with Ferguson's strategy to enhance shareholder value.

Positive

• Completed repurchase of 57,176 shares, supporting shareholder value.
• Total shares held in treasury increased to 14,370,299.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / March 25, 2022 / Ferguson plc (the "Company") announces that on March 24, 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: 57,176

Date of transaction: March 24, 2022

Price paid per share: £108.600000

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 14,370,299 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 217,800,883.

The figure of 217,800,883 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/9774F_1-2022-3-24.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/694627/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on March 24, 2022?

Ferguson plc repurchased 57,176 ordinary shares of 10 pence each.

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

The price paid per share was £108.60.

How many shares does Ferguson plc hold in treasury after the buyback?

Ferguson plc holds a total of 14,370,299 shares in treasury.

What is the remaining number of ordinary shares in issue for Ferguson plc?

The remaining number of ordinary shares in issue is 217,800,883.

Who conducted the share repurchase for Ferguson plc?

The share repurchase was conducted through J.P. Morgan Securities plc.