Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 305,000 ordinary shares, each valued at 10 pence, on June 1, 2022, as part of its $2 billion share repurchase program. The shares were acquired at a price of £93.12 each, facilitated by Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 18,184,291 shares in Treasury, leaving 213,986,891 ordinary shares in circulation. This figure will assist shareholders in determining their notification obligations under the Disclosure and Transparency Rules.

Positive

• Engagement in a $2 billion share repurchase program.
• Reduction of outstanding shares can lead to increased shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 6, 2022 / Ferguson plc (the "Company") announces that on June 01, 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: 305,000

Date of transaction: June 01, 2022

Price paid per share: £93.120000

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 18,184,291 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 213,986,891.

The figure of 213,986,891 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/6461N_1-2022-6-1.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/703941/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson PLC's recent share repurchase announcement?

Ferguson PLC announced the repurchase of 305,000 shares on June 1, 2022, as part of its $2 billion share repurchase program.

How many shares does Ferguson PLC currently hold in Treasury?

Ferguson PLC currently holds 18,184,291 shares in Treasury following the recent purchase.

What is the price paid per share in Ferguson PLC's recent buyback?

The price paid per share in the recent buyback by Ferguson PLC was £93.12.

How many ordinary shares are in circulation after Ferguson's buyback?

After the buyback, there are 213,986,891 ordinary shares in circulation for Ferguson PLC.