Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a share repurchase of 20,005 ordinary shares at £108.25 each on October 22, 2021, as part of its $1 billion buyback program initiated on September 28, 2021. This purchase increases Ferguson's treasury shares to 10,386,422, with total ordinary shares outstanding reduced to 221,784,760. The repurchased shares will be held in treasury, impacting future share calculations under the Disclosure and Transparency Rules. For detailed purchase information, refer to the attached documentation.

Positive

• Initiation of a $1 billion share repurchase program enhances shareholder value.
• Accumulation of treasury shares increases confidence in the company's financial health.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / October 25, 2021 / Ferguson plc (the "Company") announces that on October 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: 20,005

Date of transaction: October 22, 2021

Price paid per share: £108.250000

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 10,386,422 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,784,760.

The figure of 221,784,760 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/0169Q_1-2021-10-22.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/669427/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson plc's recent share repurchase amount?

Ferguson plc repurchased 20,005 shares for a total of £108.25 each, as part of a $1 billion repurchase program.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc currently holds 10,386,422 shares in treasury following its recent purchase.

What is the total number of ordinary shares issued by Ferguson plc after the recent buyback?

After the buyback, Ferguson plc has a total of 221,784,760 ordinary shares issued.

When was the share repurchase by Ferguson plc completed?

The share repurchase was completed on October 22, 2021.