Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a share buyback on January 11, 2022, purchasing 40,000 ordinary shares at a price of £124.50 each, part of a $1,000 million share repurchase program initiated on September 28, 2021. The total shares held in Treasury now amount to 11,899,830, with 220,271,352 ordinary shares remaining in circulation. Shareholders can use this figure for calculations related to their interests under the Disclosure and Transparency Rules.

Positive

• Initiation of a $1,000 million share repurchase program indicates strong financial health.
• The share buyback reduces the number of shares in circulation, potentially increasing value for remaining shareholders.

Negative

• The high price of £124.50 per share may suggest overvaluation concerns.

WOKINGHAM, UK / ACCESSWIRE / January 12, 2022 / Transaction in own shares

Ferguson plc (the "Company") announces that on January 11, 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: 40,000

Date of transaction: January 11, 2022

Price paid per share: £124.500000

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 11,899,830 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,271,352.

The figure of 220,271,352 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/1281Y_1-2022-1-11.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/683100/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the latest share buyback amount for Ferguson plc (FERG)?

Ferguson plc announced a buyback of 40,000 shares at £124.50 each on January 11, 2022.

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

After the recent purchase, Ferguson plc holds 11,899,830 shares in Treasury.

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

Post-purchase, there are 220,271,352 ordinary shares remaining in circulation for Ferguson plc.

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

The share repurchase program aims to enhance shareholder value and manage the capital structure.

When was the share repurchase program for Ferguson plc announced?

The share repurchase program was announced on September 28, 2021.