Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a share repurchase of 36,204 ordinary shares at a price of £91.741039 each on April 29, 2021, as part of its $400 million repurchase program initiated on March 16, 2021. The company now holds 8,250,643 shares in Treasury, with the total number of ordinary shares in circulation reduced to 223,920,539. This purchase is significant as it may affect shareholder calculations under the Disclosure and Transparency Rules.

Positive

• Engaging in a $400 million share repurchase program, indicating confidence in the company's value.
• Reduction of shares in circulation may enhance earnings per share for remaining shareholders.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / April 30, 2021 / Ferguson plc (LSE:FERG)(NYSE:FERG) (the "Company") announces that on April 29, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase programme, details of which were announced on March 16, 2021.

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

Number of shares repurchased: 36,204

Date of transaction: April 29, 2021

Price paid per share: £91.741039

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 8,250,643 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,920,539

The figure of 223,920,539 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/1358X_1-2021-4-29.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Mark Fearon, Director of Communications and Investor Relations	+44 (0) 118 927 3800
	+44(0) 7711 875070

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/643466/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc buy back on April 29, 2021?

Ferguson plc repurchased 36,204 ordinary shares at £91.741039 each.

What is the purpose of Ferguson's share repurchase program?

The program aims to return value to shareholders and reduce the number of shares in circulation.

How many shares does Ferguson plc hold in Treasury after the repurchase?

Ferguson plc currently holds 8,250,643 shares in Treasury.

What is the remaining number of ordinary shares in issue for Ferguson plc?

The total number of ordinary shares in issue is now 223,920,539.