Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 15,000 ordinary shares at a price of £127.211468 each on January 13, 2022. This transaction is part of the company's ongoing $1,000 million share repurchase program initiated on September 28, 2021. Following this purchase, Ferguson holds 11,939,010 shares in Treasury, leaving 220,232,172 ordinary shares in circulation. This number will help shareholders determine their interest notifications under the Disclosure and Transparency Rules.

Positive

• Initiation of a $1,000 million share repurchase program supports shareholder value.
• Purchase of shares indicates confidence in company performance and financial health.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / January 14, 2022 / Ferguson plc (the "Company") announces that on January 13, 2022 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: 15,000

Date of transaction: January 13, 2022

Price paid per share: £127.211468

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 11,939,010 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,232,172.

The figure of 220,232,172 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/4086Y_1-2022-1-13.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/683499/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share repurchase by Ferguson plc?

Ferguson plc repurchased 15,000 ordinary shares at £127.211468 each on January 13, 2022, as part of a $1,000 million share repurchase program.

How many shares does Ferguson plc currently hold in Treasury?

As of now, Ferguson plc holds 11,939,010 shares in Treasury.

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

Following the recent repurchase, Ferguson plc has 220,232,172 ordinary shares in circulation.

What impact does the share repurchase have on Ferguson plc's stock?

The share repurchase is expected to enhance shareholder value and reflects the company's confidence in its financial stability.