Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 49,455 ordinary shares under its $1 billion share repurchase program. This transaction took place on December 6, 2021, at a price of £115.139394 per share, facilitated by Barclays Capital Securities Limited. Following this buyback, Ferguson holds 11,344,754 shares in treasury, with 220,826,428 ordinary shares remaining in circulation. This information is crucial for shareholders for compliance with disclosure obligations under UK regulations.

Positive

• Completed repurchase of 49,455 shares as part of a $1 billion buyback program.
• Share buyback reflects confidence in the company’s value and financial health.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / December 7, 2021 / Ferguson plc (the "Company") announces that on December 06, 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: 49,455

Date of transaction: December 06, 2021

Price paid per share: £115.139394

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 11,344,754 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,826,428.

The figure of 220,826,428 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/8033U_1-2021-12-7.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/676309/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase amount for Ferguson plc on December 6, 2021?

Ferguson plc repurchased 49,455 ordinary shares for £115.139394 each.

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

Ferguson plc holds 11,344,754 shares in treasury.

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

After the repurchase, there are 220,826,428 ordinary shares remaining in issue.

Who facilitated the share repurchase for Ferguson plc?

The share repurchase was facilitated by Barclays Capital Securities Limited.