Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a share repurchase on October 18, 2021, buying back 40,000 ordinary shares at a price of £105.24 each as part of its $1,000 million share buyback program initiated on September 28, 2021. Following this transaction, Ferguson holds a total of 10,386,551 shares in Treasury, with 221,784,631 ordinary shares remaining in circulation. This repurchase aims to optimize shareholder value under the Disclosure and Transparency Rules.

Positive

• Successful execution of share repurchase program, enhancing shareholder value.
• The company holds over 10 million shares in Treasury, indicating strong cash flow management.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / October 19, 2021 / Ferguson plc (the "Company") announces that on October 18, 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: 40,000

Date of transaction: October 18, 2021

Price paid per share: £105.237102

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 10,386,551 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,784,631.

The figure of 221,784,631 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/4424P_1-2021-10-18.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/668639/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the latest share repurchase by Ferguson plc?

On October 18, 2021, Ferguson plc repurchased 40,000 ordinary shares at £105.24 each.

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

After the latest repurchase, Ferguson plc holds 10,386,551 shares in Treasury.

What is the total number of ordinary shares remaining in issue for Ferguson plc?

Following the repurchase, there are 221,784,631 ordinary shares remaining in circulation.

What is the purpose of Ferguson plc's share repurchase program?

The share repurchase program aims to optimize shareholder value.

When was Ferguson plc's share repurchase program announced?

The share repurchase program was announced on September 28, 2021.