Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 7,233 ordinary shares on July 5, 2021, as part of its $400 million share buyback program initiated on March 16, 2021. The shares were purchased at £101.994651 each, with J.P. Morgan Securities plc acting as the broker. Following this transaction, the total number of shares held in Treasury amounts to 9,465,338, leaving 222,705,844 ordinary shares in circulation. This information serves as a basis for shareholders to determine any necessary notifications under the Disclosure and Transparency Rules.

Positive

• Share repurchase program demonstrates confidence in the company's value.
• Total shares in circulation decreased, which can enhance shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / July 6, 2021 / (LSE:FERG)(NYSE:FERG) Ferguson plc (the 'Company') announces that on July 5, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase program, details of which were announced on March 16, 2021.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 7,233

Date of transaction: July 5, 2021

Price paid per share: £101.994651

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 9,465,338 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,705,844.

The figure of 222,705,844 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/2293E_1-2021-7-5.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Brian Lantz, Vice President IR and Communications	+1 224 285 2410

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/654271/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

When did Ferguson plc announce its share repurchase?

Ferguson plc announced its share repurchase on July 5, 2021.

How many shares did Ferguson plc repurchase?

Ferguson plc repurchased 7,233 ordinary shares.

What was the purchase price per share for Ferguson plc's repurchase?

The purchase price per share was £101.994651.

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

The current number of ordinary shares in circulation is 222,705,844.

Who was the broker for Ferguson plc's share repurchase?

J.P. Morgan Securities plc acted as the broker for the share repurchase.