Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG)(NYSE:FERG) reported the repurchase of 30,000 ordinary shares at £90.90 each on May 4, 2021, as part of its $400 million share buyback program initiated on March 16, 2021. The company now holds 8,323,975 shares in treasury. Following this purchase, the total number of ordinary shares in issue is 223,847,207, which will guide shareholders in their obligation notifications under Disclosure and Transparency Rules. Details of individual purchases are disclosed in accordance with the Market Abuse Regulation.

Positive

• Execution of $400 million share repurchase program demonstrates company confidence.
• Reduction in total shares outstanding may enhance earnings per share for investors.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / May 5, 2021 / Ferguson plc (LSE:FERG)(NYSE:FERG) (the "Company") announces that on May 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: 30,000

Date of transaction: May 04, 2021

Price paid per share: £90.900000

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 8,323,975 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,847,207

The figure of 223,847,207 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/5311X_1-2021-5-4.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

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FAQ

What shares did Ferguson plc repurchase on May 4, 2021?

Ferguson plc repurchased 30,000 ordinary shares at £90.90 each on May 4, 2021.

How many shares does Ferguson plc currently hold in treasury?

Following the latest transaction, Ferguson plc holds 8,323,975 shares in treasury.

What is the total number of ordinary shares in issue after the repurchase?

The total number of ordinary shares in issue after the repurchase is 223,847,207.

What is the purpose of the $400 million share repurchase program by Ferguson plc?

The program aims to return capital to shareholders and may improve earnings per share.