Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 67,651 ordinary shares at a price of £100.71 each on April 28, 2022, as part of its $2 billion share repurchase program. This transaction brings the total shares held in Treasury to 16,001,878, with 216,169,304 ordinary shares remaining in issue. The repurchased shares will be held in Treasury and can affect shareholders' interest calculations under the Disclosure and Transparency Rules.

Positive

• Completion of share repurchase strengthens shareholder value.
• Total repurchased shares in Treasury now at 16,001,878.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / April 29, 2022 / Ferguson plc (the "Company") announces that on April 28, 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: 67,651

Date of transaction: April 28, 2022

Price paid per share: £100.710747

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 16,001,878 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 216,169,304.

The figure of 216,169,304 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/7772J_1-2022-4-28.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/699421/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What recent share repurchase activity has Ferguson plc engaged in?

Ferguson plc repurchased 67,651 ordinary shares at £100.71 each on April 28, 2022.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc now holds 16,001,878 shares in Treasury.

What is the remaining number of ordinary shares in issue for Ferguson plc?

The remaining number of ordinary shares in issue for Ferguson plc is 216,169,304.

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

The share repurchase program aims to enhance shareholder value.

What is the significance of the Disclosure and Transparency Rules for Ferguson plc's shareholders?

Shareholders must use the remaining ordinary shares in issue as a denominator for calculating their interest notifications.