Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 23,933 ordinary shares at a price of £114.57 each as part of its $1,000 million share repurchase program, initiated on September 28, 2021. The transaction took place on November 10, 2021, with shares being held in treasury. Following this purchase, a total of 10,738,054 shares will be held, leaving 221,433,128 ordinary shares outstanding. The information is relevant for shareholders under the Disclosure and Transparency Rules.

Positive

• Share buyback program demonstrates strong capital allocation strategy.
• Enhanced shareholder value by reducing the number of outstanding shares.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 11, 2021 / Ferguson plc (the "Company") announces that on November 10, 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: 23,933

Date of transaction: November 10, 2021

Price paid per share: £114.573813

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 10,738,054 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,433,128.

The figure of 221,433,128 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/0164S_1-2021-11-10.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/672276/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What did Ferguson plc announce on November 10, 2021?

Ferguson plc announced the repurchase of 23,933 ordinary shares under its $1,000 million share repurchase program.

How much did Ferguson plc pay for each share it repurchased?

Ferguson plc paid £114.57 for each share repurchased on November 10, 2021.

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

After the repurchase, Ferguson plc holds a total of 10,738,054 shares in treasury.

How many ordinary shares of Ferguson plc are outstanding after the recent repurchase?

Following the recent share repurchase, there are 221,433,128 ordinary shares outstanding.

What is the significance of the share repurchase for Ferguson plc shareholders?

The share repurchase is significant as it may enhance shareholder value by reducing the total number of shares outstanding.