Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has executed a share repurchase program, buying back 50,000 ordinary shares at a price of £132.20 per share on December 30, 2021. This transaction is part of a broader $1,000 million repurchase initiative announced on September 28, 2021. Following this purchase, Ferguson holds a total of 11,640,033 shares in Treasury, leaving 220,531,149 ordinary shares outstanding. This figure will assist shareholders in determining their notification obligations under the Disclosure and Transparency Rules.

Positive

• Completed the purchase of 50,000 shares under a $1,000 million share buyback program.
• Total shares held in Treasury now amount to 11,640,033, indicating effective capital management.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / December 31, 2021 / Ferguson plc (the "Company") announces that on December 30, 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: 50,000

Date of transaction: December 30, 2021

Price paid per share: £132.200000

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 11,640,033 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,531,149.

The figure of 220,531,149 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/1065X_1-2021-12-30.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/680346/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

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

The share repurchase program aims to return capital to shareholders and optimize the company's capital structure.

How many shares did Ferguson plc repurchase on December 30, 2021?

Ferguson plc repurchased 50,000 ordinary shares on December 30, 2021.

What was the price per share for the repurchased shares?

The price paid per share for the repurchased shares was £132.20.

What will happen to the repurchased shares?

The repurchased shares will be held in Treasury by Ferguson plc.

How many ordinary shares are outstanding after the repurchase?

After the repurchase, there are 220,531,149 ordinary shares outstanding.