Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has executed a total repurchase of 140,000 ordinary shares from April 3 to April 6, 2023, as part of its ongoing $2.5 billion share repurchase program. The purchases included:

• April 3: 25,000 shares at $107.45
• April 4: 40,000 shares at $103.55
• April 5: 45,000 shares at $101.00
• April 6: 30,000 shares at $99.30

The total shares held in treasury is now 26,963,647, while the remaining ordinary shares in circulation stand at 205,207,535. This information will be crucial for shareholders in calculating their interests according to Disclosure Guidance and Transparency Rules.

Positive

• Successfully purchased 140,000 shares, demonstrating commitment to shareholder value.
• Share repurchase program total amount remains at $2.5 billion, indicating strong financial health.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / April 11, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 140,000 of its ordinary shares in the period from April 03, 2023 up to and including April 06, 2023 in connection with its $2.5 billion share repurchase program.

Aggregated information about the purchases carried out during this period

Trading day	Aggregate daily volume (in number of shares)	Daily weighted average purchase price of the shares	Trading venue
April 03, 2023	25,000	107.450000	XLON
April 04, 2023	40,000	103.550000	XLON
April 05, 2023	45,000	101.000000	XLON
April 06, 2023	30,000	99.300000	XLON

The Company intends to hold these shares in treasury. Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 26,963,647.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 205,207,535. The figure of 205,207,535 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/7004V_1-2023-4-6.pdf

For further information please contact:

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/748463/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the latest Ferguson stock repurchase activity?

Ferguson repurchased 140,000 shares from April 3 to April 6, 2023, as part of its $2.5 billion program.

How many shares does Ferguson hold in treasury now?

Ferguson now holds 26,963,647 shares in treasury following the recent repurchases.

What is the remaining number of ordinary shares in circulation for Ferguson?

After recent buybacks, the remaining ordinary shares in circulation are 205,207,535.

What were the prices paid for shares repurchased by Ferguson?

The prices ranged from $99.30 to $107.45 for shares bought between April 3 and April 6, 2023.