Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 30,000 ordinary shares at £102.00 each on October 4, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The company now holds 9,950,681 shares in treasury, reducing the total number of ordinary shares in issue to 222,220,501. This buyback is aimed at enhancing shareholder value and can be used for calculations regarding shareholder interest notifications under the Disclosure and Transparency Rules.

Positive

• Share repurchase program worth $1,000 million implemented.
• 30,000 shares repurchased, supporting share value.
• Total treasury shares now at 9,950,681, reducing potential market supply.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / October 5, 2021 / Transaction in own shares

Ferguson plc (the "Company") announces that on October 04, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $1,000 million share repurchase program, details of which were announced on September 28, 2021.

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

Number of shares repurchased: 30,000

Date of transaction: October 04, 2021

Price paid per share: £102.000000

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 9,950,681 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,220,501.

The figure of 222,220,501 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/9718N_1-2021-10-4.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/666769/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on October 4, 2021?

Ferguson plc repurchased 30,000 ordinary shares at £102.00 each on October 4, 2021.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc currently holds 9,950,681 shares in treasury.

What was the total number of ordinary shares in issue after the buyback?

After the buyback, the total number of ordinary shares in issue is 222,220,501.

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

The share repurchase program aims to enhance shareholder value.