Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 48,298 ordinary shares at a price of £114.428204 each on January 27, 2022, in line with its $1,000 million share repurchase program initiated on September 28, 2021. The company now holds 12,438,159 shares in treasury, with a remaining 219,733,023 ordinary shares in circulation. This repurchase impacts the calculations for shareholder notification requirements under the Disclosure and Transparency Rules.

Positive

• Successful repurchase of 48,298 shares, demonstrating a commitment to returning capital to shareholders.
• Continued support for the $1,000 million share repurchase program, which enhances shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / January 28, 2022 / Ferguson plc (the "Company") announces that on January 27, 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: 48,298

Date of transaction: January 27, 2022

Price paid per share: £114.428204

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 12,438,159 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,733,023.

The figure of 219,733,023 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/9083Z_1-2022-1-27.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/685996/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What recent share repurchase did Ferguson plc announce?

Ferguson plc announced the repurchase of 48,298 ordinary shares at £114.428204 each on January 27, 2022.

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

After the recent purchase, Ferguson plc holds a total of 12,438,159 shares in treasury.

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

The remaining number of ordinary shares in circulation for Ferguson plc is 219,733,023.

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

Ferguson plc's total share repurchase program is valued at $1,000 million.

Who conducted the share repurchase for Ferguson plc?

The share repurchase for Ferguson plc was conducted by J.P. Morgan Securities plc.