Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 28,987 ordinary shares at a price of £114.30 each on November 9, 2021. This transaction is part of a $1,000 million share repurchase program initiated earlier on September 28, 2021. Following this purchase, the total number of shares held in treasury by Ferguson will amount to 10,714,121. The remaining shares in issue will be 221,457,061, which shareholders can use for interest notification calculations.

Positive

• Share repurchase aligns with shareholder value enhancement strategy.
• Total shares repurchased are increasing, indicating confidence in the company's financial health.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 10, 2021 / Transaction in own shares

Ferguson plc (LSE:FERG)(NYSE:FERG) (the "Company") announces that on November 09, 2021, 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: 28,987

Date of transaction: November 09, 2021

Price paid per share: £114.300000

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 10,714,121 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,457,061.

The figure of 221,457,061 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/8658R_1-2021-11-9.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/672042/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson plc's share repurchase amount announced on November 9, 2021?

Ferguson plc announced a share repurchase of £28,987 ordinary shares at £114.30 each.

How many shares does Ferguson plc hold in treasury after the latest transaction?

After the latest transaction, Ferguson plc holds a total of 10,714,121 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 221,457,061.

What was the purpose of Ferguson plc's share repurchase program announced on September 28, 2021?

The share repurchase program aims to enhance shareholder value.