Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 20,000 ordinary shares at £98.24 each on June 4, 2021, under its $400 million share repurchase program initiated on March 16, 2021. This transaction brings the total shares held in treasury to 8,802,099. Following this buyback, the total ordinary shares in circulation will be 223,369,083, which shareholders can use to determine any reporting requirements under the Disclosure and Transparency Rules. The shares will be retained in treasury, and there are compliance details available regarding individual transactions.

Positive

• Engages in a share repurchase program, indicating confidence in company value.
• Increases the number of shares held in treasury, which may positively impact earnings per share.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 7, 2021 / Ferguson plc (the 'Company') announces that on June 04, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase programme, details of which were announced on March 16, 2021.

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

Number of shares repurchased: 20,000

Date of transaction: June 04, 2021

Price paid per share: £98.24

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 8,802,099 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,369,083

The figure of 223,369,083 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/9438A_1-2021-6-4.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Mark Fearon, Director of Communications and Investor Relations	+44 (0) 118 927 3800
	+44(0) 7711 875070

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/650608/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What recent share repurchase did Ferguson plc announce?

On June 4, 2021, Ferguson plc repurchased 20,000 shares at £98.24 each under its $400 million share repurchase program.

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

Ferguson plc currently holds a total of 8,802,099 shares in treasury after the recent buyback.

What will be the total number of ordinary shares in circulation after the recent buyback?

After the buyback, Ferguson plc will have 223,369,083 ordinary shares remaining in circulation.

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

The share repurchase program is intended to return value to shareholders and may help boost earnings per share.