Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 43,064 ordinary shares at £111.03 each on February 17, 2022, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The total shares held in Treasury now amount to 13,186,118, with 218,985,064 shares remaining in circulation post-repurchase. This transaction aims to enhance shareholder value by reducing the number of shares in circulation. Detailed information about the purchase is provided as required under the Market Abuse Regulation.

Positive

• Share repurchase of 43,064 shares at £111.03 enhances shareholder value.
• Total shares in Treasury increased to 13,186,118, indicating a commitment to share buyback strategy.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / February 18, 2022 / Ferguson plc (the "Company") announces that on February 17, 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: 43,064

Date of transaction: February 17, 2022

Price paid per share: £111.025534

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 13,186,118 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 218,985,064.

The figure of 218,985,064 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/0567C_1-2022-2-17.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/689414/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase amount for Ferguson plc on February 17, 2022?

Ferguson plc repurchased 43,064 shares for a total cost of £4,785,143.45.

What is the current number of ordinary shares in circulation for Ferguson plc after the repurchase?

After the repurchase, the total number of ordinary shares in circulation is 218,985,064.

Which broker facilitated the share repurchase for Ferguson plc?

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

What is the purpose of holding repurchased shares in Treasury?

Holding repurchased shares in Treasury allows Ferguson plc to manage its capital and potentially enhance shareholder value.