Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) announced the purchase of 300,864 ordinary shares as part of its ongoing $2.5 billion share repurchase program from March 6 to March 10, 2023. The purchases included varying daily volumes, with the highest being 57,292 shares at an average price of 11,325.0000 on March 10. Post-repurchase, Ferguson will hold 26,417,382 shares in treasury while the remaining shares in circulation will be 205,753,800. These figures are relevant for shareholders to assess interest notification obligations.

Positive

• Executed a significant share repurchase of 300,864 ordinary shares.
• Maintains a robust treasury strategy with 26,417,382 shares held post-purchase.
• Share repurchase program valued at $2.5 billion reflects strong financial position.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / March 14, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 300,864 of its ordinary shares in the period from March 6, 2023, up to and including March 10, 2023, in connection with its $2.5 billion share repurchase program.

Aggregated information about the purchases carried out during this period

Trading day	Aggregate daily volume (in number of shares)	Daily weighted average purchase price of the shares	Trading venue
March 6, 2023	12,072	11,997.3016	XLON
March 7, 2023	4,711	11,615.0000	AQXE
March 7, 2023	22,330	11,615.0000	BATE
March 7, 2023	20,315	11,615.0000	CHIX
March 7, 2023	54,084	11,615.0000	XLON
March 7, 2023	6,611	11,615.0000	TRQX
March 8, 2023	19,651	11,739.5970	XLON
March 9, 2023	32,100	11,685.0000	XLON
March 10, 2023	7,999	11,325.0000	AQXE
March 10, 2023	27,423	11,325.0000	BATE
March 10, 2023	25,324	11,325.0000	CHIX
March 10, 2023	57,292	11,325.0000	XLON
March 10, 2023	10,952	11,325.0000	TRQX

The Company intends to hold these shares in treasury. Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 26,417,382.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 205,753,800. The figure of 205,753,800 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/7806S_1-2023-3-13.pdf

For further information please contact:

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/743589/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the total number of shares purchased by Ferguson plc in March 2023?

Ferguson plc purchased a total of 300,864 ordinary shares from March 6 to March 10, 2023.

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

The share repurchase program aims to return value to shareholders by reducing the number of shares in circulation.

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

After the repurchase, Ferguson plc will hold 26,417,382 shares in treasury.

What is the significance of the remaining shares in circulation for shareholders?

The remaining number of ordinary shares in issue is 205,753,800, which shareholders use to determine interest notification obligations.

What was the highest daily volume of shares purchased by Ferguson plc during the repurchase period?

The highest daily volume was 57,292 shares purchased on March 10, 2023.