Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc reported the repurchase of 75,400 ordinary shares at £110.50 each, totaling £8,318,700, as part of its $1 billion share buyback program announced on September 28, 2021. The transaction occurred on February 21, 2022, through J.P. Morgan Securities plc. Following this repurchase, the company holds 13,287,579 shares in Treasury, and 218,883,603 ordinary shares remain in circulation. This activity is significant as it may affect shareholder calculations related to interest notifications under the Disclosure and Transparency Rules.

Positive

• Completion of share repurchase aligns with $1 billion buyback strategy, indicating strong capital management.
• Reduction in shares outstanding could potentially enhance earnings per share (EPS) going forward.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / February 22, 2022 / Ferguson plc (the "Company") announces that on February 21, 2022 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: 75,400

Date of transaction: February 21, 2022

Price paid per share: £110.500000

Broker: J.P. Morgan Securities plc

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 13,287,579 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 218,883,603.

The figure of 218,883,603 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/3360C_1-2022-2-21.pdf

For further information, please contact:

Ferguson plc

Brian Lantz, Vice President IR and Communications	+1 224 285 2410
Pete Kennedy, Director of Investor Relations	+1 757 603 0111

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/689744/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase amount by Ferguson plc on February 21, 2022?

Ferguson plc repurchased 75,400 ordinary shares at a price of £110.50 each, totaling £8,318,700.

How many shares does Ferguson plc currently hold in Treasury?

After the recent buyback, Ferguson plc holds 13,287,579 shares in Treasury.

What is the remaining number of ordinary shares in issue after the buyback?

Following the repurchase, the remaining number of ordinary shares in issue is 218,883,603.

Who conducted the share repurchase for Ferguson plc?

The share repurchase was executed by J.P. Morgan Securities plc.

What is the purpose of the share buyback program announced by Ferguson plc?

The share buyback program aims to enhance shareholder value and improve earnings per share by reducing the number of shares outstanding.