Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced on July 5, 2021, that it purchased 22,014 ordinary shares at a price of £101.674629 each, as part of its $400 million share repurchase program initiated on March 16, 2021. This transaction was executed on July 2, 2021, through J.P. Morgan Securities plc. Following this purchase, Ferguson holds a total of 9,458,105 shares in treasury, leaving 222,713,077 ordinary shares outstanding. Shareholders can use this figure to determine their interest notifications under the Disclosure and Transparency Rules.

Positive

• Share repurchase indicates confidence in the company's financial health.
• Reduction of outstanding shares may enhance earnings per share.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / July 5, 2021 / Ferguson plc (the 'Company') announces that on July 2, 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: 22,014

Date of transaction: July 2, 2021

Price paid per share: £101.674629

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 9,458,105 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,713,077.

The figure of 222,713,077 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/0762E_1-2021-7-2.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/654190/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share repurchase by Ferguson plc?

Ferguson plc repurchased 22,014 ordinary shares at £101.674629 each on July 2, 2021, as part of a $400 million program.

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

Ferguson plc holds a total of 9,458,105 shares in treasury following the recent repurchase.

What is the total number of outstanding shares for Ferguson plc after the repurchase?

After the repurchase, Ferguson plc has 222,713,077 ordinary shares outstanding.

Who executed the share repurchase transaction for Ferguson plc?

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

When was the share repurchase by Ferguson plc announced?

The share repurchase was announced on July 5, 2021.