Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 245,466 ordinary shares on May 19, 2022, as part of its $2 billion share repurchase program. The shares were acquired at a price of £93.471496 each through Barclays Capital Securities Limited. This acquisition increases the total number of shares held in treasury to 17,341,957, with the remaining ordinary shares in issue totaling 214,829,225. Shareholders can use this figure to assess their obligations under the Disclosure and Transparency Rules.

Positive

• Continuation of $2 billion share repurchase program demonstrates strong cash flow and commitment to returning value to shareholders.

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• None.

WOKINGHAM, UK / ACCESSWIRE / May 20, 2022 / Ferguson plc (the "Company") announces that on May 19, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each in connection with its $2 billion share repurchase program.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 245,466

Date of transaction: May 19, 2022

Price paid per share: £93.471496

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 17,341,957 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 214,829,225.

The figure of 214,829,225 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/1743M_1-2022-5-19.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/702097/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on May 19, 2022?

Ferguson plc repurchased 245,466 ordinary shares of 10 pence each on May 19, 2022.

What was the price per share for the repurchase by Ferguson plc?

The price paid per share for the repurchase was £93.471496.

How many shares does Ferguson plc hold in treasury after the May 19 transaction?

After the transaction, Ferguson plc holds a total of 17,341,957 shares in treasury.

What is the total number of ordinary shares in issue after the repurchase?

The total number of ordinary shares in issue after the repurchase is 214,829,225.

Who brokered the share repurchase for Ferguson plc?

The share repurchase was brokered by Barclays Capital Securities Limited.