Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 10,723 ordinary shares at a price of £117.36 each on November 12, 2021. This action is part of its $1,000 million share repurchase program initiated on September 28, 2021. Post-purchase, the company holds 10,766,173 shares in treasury, with a total remaining of 221,405,009 ordinary shares in issue. This repurchase is expected to affect the calculations for shareholders’ interest notifications under the Disclosure and Transparency Rules.

Positive

• Share repurchase enhances shareholder value by potentially increasing earnings per share.
• Maintaining treasury shares could reflect confidence in the company's future performance.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 15, 2021 / Ferguson plc (the "Company") announces that on November 12, 2021 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: 10,723

Date of transaction: November 12, 2021

Price paid per share: £117.361607

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 10,766,173 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,405,009.

The figure of 221,405,009 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/3007S_1-2021-11-12.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/672797/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share buyback announcement by Ferguson plc?

Ferguson plc announced the repurchase of 10,723 ordinary shares on November 12, 2021, as part of its $1,000 million buyback program.

How many shares does Ferguson plc currently hold in treasury?

Following the recent repurchase, Ferguson plc holds a total of 10,766,173 shares in treasury.

What is the price paid per share in Ferguson plc's recent transaction?

Ferguson plc paid £117.36 per share for the shares repurchased on November 12, 2021.

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

After the share repurchase, Ferguson plc has 221,405,009 ordinary shares in issue.

Why is the share repurchase significant for Ferguson plc shareholders?

The share repurchase can enhance shareholder value by potentially increasing earnings per share and indicating management's confidence in the company's future.