Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced a repurchase of 80,000 ordinary shares at a price of £103.50 each as part of its $2 billion share repurchase program. The transaction occurred on March 29, 2022, through Barclays Capital Securities Limited. Following this purchase, Ferguson holds a total of 14,530,299 shares in Treasury. The total number of ordinary shares in issue post-transaction is 217,640,883, which is important for shareholders regarding their notification obligations under the Disclosure and Transparency Rules.

Positive

• Repurchased 80,000 shares at £103.50 each, reinforcing commitment to shareholder value.
• Total shares held in Treasury now at 14,530,299.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / March 30, 2022 / Ferguson plc (the "Company") announces that on March 29, 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: 80,000

Date of transaction: March 29, 2022

Price paid per share: £103.504718

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 14,530,299 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 217,640,883.

The figure of 217,640,883 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/4588G_1-2022-3-29.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/695181/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

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

The repurchase is part of Ferguson plc's $2 billion share repurchase program aimed at enhancing shareholder value.

How many shares did Ferguson plc repurchase on March 29, 2022?

Ferguson plc repurchased 80,000 ordinary shares on March 29, 2022.

What was the price per share for Ferguson plc's repurchase?

The price per share for the repurchased Ferguson plc shares was £103.50.

How many shares are currently held in Treasury by Ferguson plc?

Ferguson plc currently holds 14,530,299 shares in Treasury.

What will be the total number of ordinary shares in issue after the repurchase by Ferguson plc?

After the repurchase, the total number of ordinary shares in issue will be 217,640,883.