Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) announced a purchase of 53,248 ordinary shares between February 13 and February 16, 2023, as part of its $2.5 billion share repurchase program. The shares were acquired at various weighted average prices, with the first day's purchase at $12,005.72 and the last at $12,341.66. Following these transactions, Ferguson will hold a total of 25,839,961 shares in treasury, leaving 206,331,221 ordinary shares outstanding. This share reduction can impact shareholder calculations regarding notifications under the Disclosure Guidance and Transparency Rules.

Positive

• Completed purchase of 53,248 ordinary shares under $2.5 billion repurchase program.
• Shares held in treasury now total 25,839,961, reducing market supply.
• Share reduction may enhance shareholder value.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / February 21, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 53,248 of its ordinary shares in the period from February 13, 2023, up to and including February 16, 2023, in connection with its $2.5 billion share repurchase program.

Aggregated information about the purchases carried out during this period

Trading day	Aggregate daily volume (in number of shares)	Daily weighted average purchase price of the shares	Trading venue
February 13, 2023	14,870	12,005.7224	XLON
February 14, 2023	24,920	11,970.0000	XLON
February 15, 2023	6,677	12,165.6625	XLON
February 16, 2023	6,781	12,341.6612	XLON

The Company intends to hold these shares in treasury. Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 25,839,961.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 206,331,221. The figure of 206,331,221 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/4742Q_1-2023-2-20.pdf

For further information please contact:

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/740071/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

How many ordinary shares did Ferguson purchase in February 2023?

Ferguson purchased a total of 53,248 ordinary shares from February 13 to February 16, 2023.

What was the total value of Ferguson's share repurchase program?

Ferguson's share repurchase program is valued at $2.5 billion.

What is the remaining number of ordinary shares in issue after the recent purchases?

After the purchases, the remaining number of ordinary shares in issue is 206,331,221.

What are the weighted average purchase prices for the shares bought on February 16, 2023?

On February 16, 2023, the weighted average purchase price was $12,341.66.