Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 7,931 ordinary shares at a price of £125.800168 each on December 15, 2021, as part of its $1,000 million share buyback program initiated on September 28, 2021.

After this transaction, the total shares held in Treasury will be 11,392,685, with 220,778,497 ordinary shares remaining in circulation. This information will assist shareholders in determining their interests under Disclosure and Transparency Rules.

Positive

• Conducted a share buyback, indicating confidence in the company's valuation.
• Completed 7,931 share repurchases under a $1,000 million program.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / December 16, 2021 / Ferguson plc (the "Company") announces that on December 15, 2021 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: 7,931

Date of transaction: December 15, 2021

Price paid per share: £125.800168

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 11,392,685 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,778,497.

The figure of 220,778,497 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/8062V_1-2021-12-15.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/677986/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on December 15, 2021?

Ferguson plc repurchased 7,931 ordinary shares of 10 pence each.

What was the price per share for Ferguson plc's buyback on December 15, 2021?

The price paid per share was £125.800168.

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

Ferguson plc holds a total of 11,392,685 shares in Treasury post-buyback.

What is the remaining number of ordinary shares issued by Ferguson plc?

Following the repurchase, the remaining number of ordinary shares in issue will be 220,778,497.