Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 24,180 of its ordinary shares for treasury on January 12, 2022, as part of its $1 billion share repurchase program initiated on September 28, 2021. The shares were bought at a price of £125.901030 each through Barclays Capital Securities Limited. Post-transaction, Ferguson holds a total of 11,924,010 shares in treasury, with 220,247,172 shares remaining in circulation. This transaction complies with the Market Abuse Regulation and aims to manage shareholder interests.

Positive

• Completion of repurchase of 24,180 shares under the $1 billion program.
• Total of 11,924,010 shares now held in treasury, indicating commitment to shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / January 13, 2022 / Ferguson plc (the "Company") announces that on January 12, 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: 24,180

Date of transaction: January 12, 2022

Price paid per share: £125.901030

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 11,924,010 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,247,172.

The figure of 220,247,172 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/2721Y_1-2022-1-12.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/683321/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on January 12, 2022?

Ferguson plc repurchased 24,180 ordinary shares of 10 pence each on January 12, 2022.

What was the price per share for the repurchase by Ferguson plc?

The price paid per share for the repurchase was £125.901030.

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

After the repurchase, Ferguson plc holds a total of 11,924,010 shares in treasury.

How many ordinary shares of Ferguson plc remain in circulation after the repurchase?

Following the repurchase, 220,247,172 ordinary shares of Ferguson plc remain in circulation.