Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 55,896 ordinary shares at a price of £96.22 each on June 14, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. Following this transaction, the company holds a total of 9,049,799 treasury shares, with 223,121,383 ordinary shares remaining in circulation. This repurchase is aligned with Ferguson's strategy to enhance shareholder value. The purchases were executed through J.P. Morgan Securities plc.

Positive

• Completion of a share repurchase of 55,896 shares, signaling confidence in the company's valuation.
• Total of 9,049,799 shares now held in treasury, potentially reducing supply.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 15, 2021 / Ferguson plc (LSE:FERG)(NYSE:FERG) (the 'Company') announces that on June 14, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase program, details of which were announced on March 16, 2021.

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

Number of shares repurchased: 55,896

Date of transaction: June 14, 2021

Price paid per share: £96.22

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 9,049,799 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,121,383.

The figure of 223,121,383 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/8676B_1-2021-6-14.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Brian Lantz, Vice President IR and Communications	+1 224 285 2410

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/651738/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on June 14, 2021?

Ferguson plc repurchased 55,896 ordinary shares at £96.22 each.

What is the total number of shares Ferguson plc holds in treasury after the repurchase?

After the repurchase, Ferguson plc holds a total of 9,049,799 treasury shares.

How many ordinary shares are in circulation after Ferguson plc's recent repurchase?

There are 223,121,383 ordinary shares remaining in circulation after the repurchase.

What was the total value of Ferguson plc's share repurchase program?

Ferguson plc's share repurchase program is valued at $400 million.