Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a share repurchase on November 22, 2021, purchasing 14,015 ordinary shares at a price of £121.095654 each, part of a $1,000 million program initiated on September 28, 2021.

The total shares held in treasury now stands at 10,909,518, while the remaining shares in issue are 221,261,664. This figure will be utilized by shareholders for interest notification as per regulations.

The broker for this transaction was Barclays Capital Securities Limited.

Positive

• Engaged in a $1,000 million share repurchase program, enhancing shareholder value.
• Increased treasury shares to 10,909,518, which may support stock price stability.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 23, 2021 / Ferguson plc (the "Company") announces that on November 22, 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: 14,015

Date of transaction: November 22, 2021

Price paid per share: £121.095654

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 10,909,518 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,261,664.

The figure of 221,261,664 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/1841T_1-2021-11-22.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/674251/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on November 22, 2021?

Ferguson plc repurchased 14,015 ordinary shares at £121.095654 each on November 22, 2021.

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

After the latest repurchase, Ferguson plc holds a total of 10,909,518 shares in treasury.

What was the total number of shares in issue for Ferguson plc after the November 2021 repurchase?

The total number of ordinary shares in issue for Ferguson plc after the repurchase is 221,261,664.

Which broker facilitated the share repurchase for Ferguson plc?

The share repurchase for Ferguson plc was facilitated by Barclays Capital Securities Limited.