Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 57,934 ordinary shares at a price of £111.70 per share on February 8, 2022, as part of its $1,000 million share repurchase program commenced on September 28, 2021. The company now holds a total of 12,853,482 shares in treasury, with remaining shares in issue being 219,317,700. These treasury shares may affect shareholder notifications under the Disclosure and Transparency Rules.

Positive

• Completed repurchase of 57,934 shares at a high price of £111.70, reflecting confidence in the company's value.
• Total treasury shares now amount to 12,853,482, indicating a strong commitment to shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / February 9, 2022 / Ferguson plc (the "Company") announces that on February 8, 2022 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: 57,934

Date of transaction: February 8, 2022

Price paid per share: £111.696570

Broker: J.P. Morgan Securities plc

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 12,853,482 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,317,700.

The figure of 219,317,700 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/0760B_1-2022-2-8.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/687978/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What did Ferguson plc announce on February 9, 2022?

Ferguson plc announced the repurchase of 57,934 ordinary shares at £111.70 per share on February 8, 2022.

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

After the recent repurchase, Ferguson plc holds a total of 12,853,482 shares in treasury.

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

The remaining number of ordinary shares in issue for Ferguson plc is 219,317,700.

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

Ferguson plc paid £111.70 per share during the repurchase.

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

The share repurchase program aims to enhance shareholder value by reducing the number of shares in circulation.