Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 48,469 ordinary shares at a price of £121.25 each on January 18, 2022, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The company now holds a total of 12,113,881 shares in treasury, with the remaining number of ordinary shares in issue at 220,057,301. This share buyback is intended to enhance shareholder value and may influence calculations related to shareholders' interest notifications under the Disclosure and Transparency Rules.

Positive

• Share repurchase program aimed at enhancing shareholder value.
• Reduction in total shares outstanding may increase earnings per share.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / January 19, 2022 / Ferguson plc (the "Company") announces that on January 18, 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: 48,469

Date of transaction: January 18, 2022

Price paid per share: £121.250000

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 12,113,881 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,057,301.

The figure of 220,057,301 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/8692Y_1-2022-1-18.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/684517/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share repurchase amount for Ferguson plc?

Ferguson plc repurchased 48,469 shares on January 18, 2022.

What is the share price for the repurchased shares of Ferguson plc?

The price paid per share was £121.25.

How many shares does Ferguson plc currently hold in treasury?

The company holds a total of 12,113,881 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 220,057,301.

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

The program is designed to enhance shareholder value.