Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 124,977 ordinary shares between November 14 and November 18, 2022, as part of its $2.5 billion share repurchase program. The Company intended to hold these shares in treasury, increasing the total treasury shares to 24,305,732. After this transaction, the remaining ordinary shares in circulation will be 207,865,450. Shareholders can use this figure to determine notification obligations under the Disclosure Guidance and Transparency Rules.

Positive

• Share repurchase demonstrates confidence in company value.
• Total shares bought contribute to enhancing shareholder value.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / November 22, 2022 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 124,977 of its ordinary shares in the period from November 14, 2022 up to and including November 18, 2022 in connection with its $2.5 billion share repurchase program.

Aggregated information about the purchases carried out during this period

Trading day	Aggregate daily volume (in number of shares)	Daily weighted average purchase price of the shares	Trading venue
November 14, 2022	9,397	10,281.2416	XLON
November 15, 2022	16,437	10,209.1530	XLON
November 16, 2022	66,311	9,882.0000	XLON
November 17, 2022	29,229	9,717.1023	XLON
November 18, 2022	3,603	9,812.7140	XLON

The Company intends to hold these shares in treasury. Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 24,305,732.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 207,865,450. The figure of 207,865,450 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/1219H_1-2022-11-21.pdf

For further information please contact:

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/727674/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson's recent share repurchase activity?

Ferguson purchased 124,977 shares from November 14 to November 18, 2022, as part of its $2.5 billion share repurchase program.

How many shares does Ferguson currently hold in treasury?

Following recent purchases, Ferguson holds 24,305,732 shares in treasury.

What will be the total number of ordinary shares after the repurchase?

After the repurchase, the total number of ordinary shares in circulation will be 207,865,450.

How can shareholders calculate their notification obligations?

Shareholders can use the total number of ordinary shares, 207,865,450, to determine if they need to notify changes in their interests.