Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced a share repurchase under its $1,000 million program, purchasing 22,610 ordinary shares at £112.91 each on February 28, 2022. This brings the total shares held in Treasury to 13,490,257, impacting the total number of ordinary shares in issue, now 218,680,925. This figure is essential for shareholders to determine their reporting obligations under the Disclosure and Transparency Rules. For more details, visit the press release.

Positive

• The repurchase of shares shows confidence in the company's financial position.
• The remaining treasury shares can help manage shareholder value effectively.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / March 1, 2022 / Ferguson plc (the "Company") announces that on February 28, 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: 22,610

Date of transaction: February 28, 2022

Price paid per share: £112.909615

Broker: J.P. Morgan Securities plc

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 13,490,257 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 218,680,925.

The figure of 218,680,925 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/0938D_1-2022-2-28.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/690808/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the number of shares Ferguson plc repurchased on February 28, 2022?

Ferguson plc repurchased 22,610 ordinary shares on February 28, 2022.

What price did Ferguson plc pay for the shares repurchased on February 28, 2022?

Ferguson plc paid £112.91 per share for the repurchased ordinary shares.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds 13,490,257 shares in Treasury.

What is the total number of ordinary shares in issue after the repurchase?

After the repurchase, the total number of ordinary shares in issue is 218,680,925.

What is the significance of the remaining ordinary shares number for shareholders?

The remaining number of ordinary shares helps shareholders determine their reporting obligations under the Disclosure and Transparency Rules.