Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has repurchased 30,000 ordinary shares at £102.30 each as part of a $1,000 million share repurchase program initiated on September 28, 2021. This transaction occurred on October 1, 2021, resulting in a total of 9,920,681 shares held in treasury, leaving 222,250,501 ordinary shares in circulation. Shareholders can use this number for their interest calculations under the Disclosure and Transparency Rules. Detailed purchase information has been disclosed in compliance with market regulations.

Positive

• Share repurchase program supports stock value.
• Total shares in treasury increased to 9,920,681.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / October 4, 2021 / Ferguson plc (the "Company") announces that on October 01, 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: 30,000

Date of transaction: October 01, 2021

Price paid per share: £102.300000

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 9,920,681 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,250,501.

The figure of 222,250,501 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/8146N_1-2021-10-1.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/666579/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase price for Ferguson plc on October 1, 2021?

Ferguson plc repurchased shares at £102.30 each on October 1, 2021.

How many shares did Ferguson plc repurchase in October 2021?

Ferguson plc repurchased 30,000 shares on October 1, 2021.

What is the total number of Ferguson plc shares currently held in treasury?

Ferguson plc currently holds 9,920,681 shares in treasury.

How many ordinary shares are in circulation for Ferguson plc after the recent repurchase?

After the repurchase, there are 222,250,501 ordinary shares in circulation for Ferguson plc.

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

The share repurchase program aims to support stock value and return capital to shareholders.