Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 122,420 of its ordinary shares at a price of £94.870715 each as part of its $2 billion share repurchase program, executed on June 7, 2022. The shares will be held in Treasury, bringing the total number of treasury shares to 18,306,711. Post-repurchase, there are 213,864,471 ordinary shares in circulation. This repurchase is significant for shareholders as it may influence voting rights and ownership calculations under the Disclosure and Transparency Rules.

Positive

• Repurchased 122,420 shares while executing a $2 billion share buyback program.
• Total treasury shares now stand at 18,306,711, potentially enhancing shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 8, 2022 / Ferguson plc (the "Company") announces that on June 07, 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: 122,420

Date of transaction: June 07, 2022

Price paid per share: £94.870715

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 18,306,711 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 213,864,471.

The figure of 213,864,471 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/0579O_1-2022-6-7.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/704268/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What recent share repurchase did Ferguson plc announce?

On June 7, 2022, Ferguson plc repurchased 122,420 ordinary shares at £94.870715 each as part of its $2 billion share repurchase program.

How many shares does Ferguson plc hold in Treasury after the recent purchase?

Ferguson plc currently holds 18,306,711 shares in Treasury following the recent purchase.

What is the total number of ordinary shares issued by Ferguson plc after the repurchase?

After the repurchase, the total number of ordinary shares issued by Ferguson plc is 213,864,471.

What impact does the share repurchase have on Ferguson plc shareholders?

The share repurchase could influence the calculations for shareholders regarding their interests under the Disclosure and Transparency Rules.