Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 80,000 ordinary shares for Treasury on April 19, 2022, as part of its $2 billion share repurchase program.

The shares were purchased at a price of £102.206628 each, through Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 15,564,280 shares in Treasury, with 216,606,902 ordinary shares remaining in circulation.

This repurchase is a strategic move to manage the company’s capital structure and enhance shareholder value.

Positive

• Ferguson repurchased 80,000 shares at £102.206628 each, reflecting a commitment to returning capital to shareholders.
• Total shares held in Treasury post-transaction rose to 15,564,280, indicating strong capital management.
• The ongoing $2 billion share repurchase program underscores confidence in the company's financial health.

Negative

• None.

WOKINGHAM , UK / ACCESSWIRE / April, 20 2022 / Ferguson plc (the "Company") announces that on April 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: 80,000

Date of transaction: April 19, 2022

Price paid per share: £102.206628

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 15,564,280 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 216,606,902.

The figure of 216,606,902 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/6557I_1-2022-4-19.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/698074/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share repurchase by Ferguson plc?

Ferguson plc repurchased 80,000 ordinary shares for Treasury on April 19, 2022, at a price of £102.206628 each.

How many shares does Ferguson plc hold in Treasury after the latest transaction?

After the recent transaction, Ferguson plc holds a total of 15,564,280 shares in Treasury.

What impact does the share repurchase program have on Ferguson's stock?

The share repurchase program, which totals $2 billion, is likely to enhance shareholder value and improve capital structure.

How many ordinary shares are remaining in circulation for Ferguson plc?

Following the repurchase, there are 216,606,902 ordinary shares remaining in circulation for Ferguson plc.