Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG)(NYSE:FERG) conducted a share repurchase on July 12, 2021, acquiring 7,796 ordinary shares at a price of £104.006755 each, as part of its $400 million share repurchase program initiated on March 16, 2021. The shares will be held in Treasury, bringing the total treasury shares to 9,573,189. Post-transaction, there will be 222,597,993 ordinary shares in issue. This reduction in shares supports shareholder value by potentially enhancing earnings per share.

Positive

• Conducted a share repurchase of 7,796 ordinary shares.
• Total treasury shares now at 9,573,189, indicating a commitment to return capital to shareholders.
• Share repurchase program supports potential enhancement of earnings per share.

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• None.

WOKINGHAM, UK / ACCESSWIRE / July 12, 2021 / Ferguson plc (the 'Company') (LSE:FERG)(NYSE:FERG) announces that on July 12, 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: 7,796

Date of transaction: July 12, 2021

Price paid per share: £104.006755

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 9,573,189 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,597,993.

The figure of 222,597,993 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/9836E_1-2021-7-12.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/655244/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What share repurchase activity did Ferguson announce on July 12, 2021?

On July 12, 2021, Ferguson plc repurchased 7,796 ordinary shares at £104.006755 each under its $400 million share repurchase program.

How many shares does Ferguson hold in Treasury after the July 12, 2021 transaction?

After the transaction, Ferguson holds a total of 9,573,189 shares in Treasury.

What is the total number of ordinary shares in issue after the recent repurchase by Ferguson?

Post-repurchase, the total number of ordinary shares in issue will be 222,597,993.

What was the price paid by Ferguson for the shares repurchased on July 12, 2021?

Ferguson paid £104.006755 per share for the repurchase conducted on July 12, 2021.