Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 41,025 ordinary shares at a price of £91.96 each on May 17, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The total number of shares held in Treasury now stands at 8,686,827, with 223,484,355 ordinary shares remaining in issue. This transaction provides shareholders with the denominator required under the Disclosure and Transparency Rules for determining interest notifications.

Positive

• Share buyback of 41,025 shares enhances shareholder value.
• Total shares in Treasury increased to 8,686,827, indicating a commitment to returning capital to shareholders.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / May 18, 2021 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on May 17, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase programme, details of which were announced on March 16, 2021.

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

Number of shares repurchased: 41,025

Date of transaction: May 17, 2021

Price paid per share: £91.960000

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 8,686,827 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,484,355

The figure of 223,484,355 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/9067Y_1-2021-5-17.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Mark Fearon, Director of Communications and Investor Relations	+44 (0) 118 927 3800
	+44(0) 7711 875070

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/647858/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on May 17, 2021?

Ferguson plc repurchased 41,025 ordinary shares of 10 pence each.

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

The price paid per share was £91.96.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc holds 8,686,827 shares in Treasury.

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

The remaining number of ordinary shares in issue is 223,484,355.

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

The share buyback program aims to enhance shareholder value by returning capital.