Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 135,000 ordinary shares at a price of £95.32 each on May 31, 2022, as part of its $2 billion share repurchase program. This purchase will be held in treasury, increasing the total treasury shares to 17,879,291. The total number of ordinary shares in circulation post-transaction will be 214,291,891, which the company advises shareholders to use for interest notification calculations. Detailed transaction information is available in compliance with the Market Abuse Regulation.

Positive

• Repurchased 135,000 shares at £95.32 each, supporting shareholder value.
• Increased treasury shares to 17,879,291, indicating a commitment to share buybacks.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 1, 2022 / Ferguson plc (the "Company") announces that on May 31, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each in connection with its $2 billion share repurchase program.

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

Number of shares repurchased: 135,000

Date of transaction: May 31, 2022

Price paid per share: £95.320000

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 17,879,291 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 214,291,891.

The figure of 214,291,891 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/4673N_1-2022-5-31.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/703477/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the date of Ferguson plc's share repurchase?

Ferguson plc repurchased shares on May 31, 2022.

How many shares did Ferguson plc repurchase?

Ferguson plc repurchased 135,000 ordinary shares.

What was the price per share for the repurchase by Ferguson plc?

The price paid per share was £95.32.

What is the total number of shares in treasury after the repurchase?

After the repurchase, Ferguson plc holds 17,879,291 shares in treasury.

How many ordinary shares are currently in issue for Ferguson plc?

The total number of ordinary shares in issue is 214,291,891.