Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a share repurchase on April 12, 2021, buying back 50,000 ordinary shares at a price of £92.20 each as part of its $400 million share repurchase program initiated on March 16, 2021. After this transaction, Ferguson holds 7,750,233 shares in Treasury, with the total outstanding shares reduced to 224,420,949. This share buy-back will be accounted for under the EU Market Abuse Regulation as part of UK law.

Positive

• Initiation of a $400 million share repurchase program indicates strong cash flow and commitment to returning value to shareholders.
• Reduction in total shares outstanding can enhance earnings per share metrics, potentially benefiting stock performance.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / April 13, 2021 / Ferguson plc (the "Company") announces that on April 12, 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: 50,000

Date of transaction: April 12, 2021

Price paid per share: £92.200000

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 7,750,233 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,420,949

The figure of 224,420,949 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/2109V_1-2021-4-12.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/640058/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What recent transaction did Ferguson plc announce?

Ferguson plc announced the purchase of 50,000 ordinary shares on April 12, 2021, as part of its $400 million share repurchase program.

What was the price of shares repurchased by Ferguson plc?

The shares were repurchased at a price of £92.20 each.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 7,750,233 shares in Treasury after the recent repurchase.

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

After the repurchase, the total number of ordinary shares in issue is 224,420,949.

How can shareholders calculate their interest in Ferguson after the repurchase?

Shareholders can use the new total of 224,420,949 shares as the denominator for determining their interest under the Disclosure and Transparency Rules.