Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 40,000 ordinary shares at £124.15 each on December 14, 2021, as part of its $1 billion share buyback program initiated on September 28, 2021. After this transaction, Ferguson holds 11,384,754 shares in treasury, with 220,786,428 shares remaining in circulation. This action allows shareholders to determine their interests under the Disclosure and Transparency Rules. The company aims to enhance shareholder value through this repurchase strategy.

Positive

• Repurchase of 40,000 shares enhances shareholder value.
• Company holds 11,384,754 shares in treasury, indicating confidence in stock.

Negative

• None

WOKINGHAM, UK / ACCESSWIRE / December 15, 2021 / Ferguson plc (the "Company") announces that on December 14, 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: December 14, 2021

Price paid per share: £124.150000

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 11,384,754 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,786,428.

The figure of 220,786,428 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/6533V_1-2021-12-14.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/677727/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What share repurchase program is Ferguson plc following?

Ferguson plc is executing a $1 billion share repurchase program announced on September 28, 2021.

How many shares did Ferguson plc repurchase on December 14, 2021?

On December 14, 2021, Ferguson plc repurchased 40,000 ordinary shares.

What was the price per share for Ferguson plc's recent buyback?

The price paid per share for the recent buyback was £124.15.

How many ordinary shares does Ferguson plc have in treasury after the buyback?

After the buyback, Ferguson plc has 11,384,754 shares held in treasury.

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

The total number of ordinary shares remaining in issue is 220,786,428.