Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 39,998 ordinary shares at £88.20 each on March 29, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The shares will be held in Treasury, increasing the total shares held by the company to 7,430,569. After this transaction, the total number of ordinary shares in issue will be 224,740,613. This new figure helps shareholders understand their notification obligations under the Disclosure and Transparency Rules.

Positive

• Engaging in a $400 million share repurchase program signifies a commitment to return value to shareholders.
• The repurchased shares will be held in Treasury, potentially enhancing shareholder value.

Negative

• None.

WOKINGHAM, ENGLAND / ACCESSWIRE / March 23, 2021 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces that on March 29, 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: 39,998
Date of transaction: March 29, 2021
Price paid per share: £88.200000
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 7,430,569 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,740,613.

The figure of 224,740,613 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/8670T_1-2021-3-29.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer Mark Fearon, Director of Communications and Investor Relations

+1 757 223 6092 +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

View source version on accesswire.com:
https://www.accesswire.com/638020/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share repurchase by Ferguson plc?

Ferguson plc repurchased 39,998 ordinary shares at £88.20 each on March 29, 2021, as part of its $400 million program.

How many shares does Ferguson plc hold in Treasury after the buyback?

After the recent buyback, Ferguson plc holds a total of 7,430,569 shares in Treasury.

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

The remaining number of ordinary shares in issue after the repurchase is 224,740,613.

What does the share repurchase mean for Ferguson plc shareholders?

The share repurchase program is aimed at returning value to shareholders, which may positively influence stock performance.