Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 156,208 ordinary shares for treasury as part of its $2 billion share repurchase program. The transaction occurred on June 08, 2022, at a price of £94.368177 per share. After this transaction, Ferguson holds 18,462,919 shares in treasury, with 213,708,263 ordinary shares remaining in issue. This total will aid shareholders in determining their notification obligations under the Disclosure and Transparency Rules.

Positive

• Continuing share repurchase program demonstrates company confidence and commitment to returning value to shareholders.
• Repurchase reduces the number of shares in circulation, potentially boosting earnings per share.

Negative

• None.

WORKINGHAM, UK / ACCESSWIRE / June 9, 2022 / Ferguson plc (the "Company") announces that on June 08, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each in connection with its $2 billion share repurchase program.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 156,208

Date of transaction: June 08, 2022

Price paid per share: £94.368177

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 18,462,919 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 213,708,263.

The figure of 213,708,263 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/2367O_1-2022-6-8.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/704429/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share buyback amount for Ferguson plc?

Ferguson plc repurchased 156,208 ordinary shares as part of its $2 billion share repurchase program.

When did Ferguson plc conduct its latest share repurchase?

The latest share repurchase by Ferguson plc took place on June 08, 2022.

What price did Ferguson plc pay for its repurchased shares?

Ferguson plc paid £94.368177 per share for the shares repurchased.

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

After the buyback, Ferguson plc holds 18,462,919 shares in treasury.

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

The total number of ordinary shares in issue for Ferguson plc post-repurchase is 213,708,263.