Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 135,631 ordinary shares for Treasury at a price of £100.301575 each, totaling approximately £13.6 million. This transaction is part of its ongoing $2 billion share repurchase program. Following this purchase, Ferguson now holds 15,934,633 shares in Treasury, and the total number of ordinary shares in issue is reduced to 216,236,549. Shareholders may use this figure to assess their interest notifications under the Disclosure and Transparency Rules.

Positive

• Successful repurchase of 135,631 shares as part of a $2 billion program.
• Company holds a significant amount of shares in Treasury (15,934,633).

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / April 28, 2022 / Ferguson plc (the "Company") announces that on April 27, 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: 135,631

Date of transaction: April 27, 2022

Price paid per share: £100.301575

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 15,934,633 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 216,236,549.

The figure of 216,236,549 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/6121J_1-2022-4-27.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/699238/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share repurchase by Ferguson plc?

Ferguson plc recently repurchased 135,631 ordinary shares at a price of £100.301575 each as part of its $2 billion share repurchase program.

How many shares does Ferguson plc currently hold in Treasury?

After the latest purchase, Ferguson plc holds a total of 15,934,633 shares in Treasury.

What is the new total number of shares in issue for Ferguson plc?

The total number of ordinary shares in issue for Ferguson plc after the repurchase is 216,236,549.

When did Ferguson plc conduct its latest share repurchase?

Ferguson plc conducted its latest share repurchase on April 27, 2022.

What is the purpose of the share repurchase program by Ferguson plc?

The share repurchase program is aimed at returning value to shareholders and managing the company's capital structure.