Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced a repurchase of 60,000 ordinary shares at a price of £97.22 each on May 25, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The company currently holds 8,773,580 shares in Treasury, with a total of 223,397,602 ordinary shares remaining in circulation. This repurchase will impact the calculation of shareholder interests under the Disclosure and Transparency Rules.

Positive

• Execution of share repurchase program reflects confidence in company value.
• Total shares held in Treasury increased to 8,773,580, enhancing shareholder value.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / May 26, 2021 / Ferguson plc (the "Company") announces that on May 25, 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: 60,000

Date of transaction: May 25, 2021

Price paid per share: £97.220000

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 8,773,580 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,397,602

The figure of 223,397,602 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/7978Z_1-2021-5-25.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/649125/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What recent share repurchase has Ferguson plc completed?

Ferguson plc repurchased 60,000 ordinary shares at £97.22 each on May 25, 2021.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc holds a total of 8,773,580 shares in Treasury after the recent repurchase.

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

After the share repurchase, Ferguson plc has 223,397,602 ordinary shares remaining in circulation.

What is the total value of Ferguson plc’s share repurchase program?

Ferguson plc's share repurchase program is valued at $400 million.

What purpose does Ferguson plc have for repurchased shares?

Ferguson plc intends to hold the repurchased shares in Treasury.