Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc purchased 20,000 ordinary shares of 10 pence each on October 20, 2021, at a price of £106.51 per share as part of its $1,000 million share repurchase program initiated on September 28, 2021. With this transaction, the company now holds a total of 10,339,801 shares in Treasury, leaving 221,831,381 ordinary shares outstanding. This repurchase serves to enhance shareholder value and is compliant with market regulations.

Positive

• Share repurchase program totaling $1,000 million emphasizes commitment to returning value to shareholders.
• Acquisition of 20,000 shares may positively impact stock price by reducing the number of shares outstanding.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / October 21, 2021 / Ferguson plc (the "Company") announces that on October 20, 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: 20,000

Date of transaction: October 20, 2021

Price paid per share: £106.510435

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 10,339,801 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,831,381.

The figure of 221,831,381 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/7280P_1-2021-10-20.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/669020/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase price for Ferguson plc's shares on October 20, 2021?

Ferguson plc purchased its shares at a price of £106.51 each.

How many shares did Ferguson plc repurchase on October 20, 2021?

On October 20, 2021, Ferguson plc repurchased 20,000 ordinary shares.

What is the total number of shares Ferguson plc holds in Treasury post-repurchase?

Ferguson plc now holds a total of 10,339,801 shares in Treasury.

How many ordinary shares are outstanding after Ferguson plc's recent repurchase?

After the repurchase, there are 221,831,381 ordinary shares outstanding for Ferguson plc.

What is Ferguson plc's share repurchase program value?

Ferguson plc's share repurchase program is valued at $1,000 million.