Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson PLC announced on May 26, 2022, the repurchase of 75,077 ordinary shares as part of its $2 billion share buyback program. The shares were purchased at a price of £94.170182 each through Barclays Capital Securities Limited. After this transaction, Ferguson now holds a total of 17,773,499 shares in treasury, with 214,397,683 ordinary shares remaining in circulation. This buyback initiative aims to enhance shareholder value and adjust the company's capital structure.

Positive

• Successful repurchase of 75,077 shares enhances shareholder value.
• Continued commitment to the $2 billion share repurchase program.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / May 27, 2022 / Ferguson plc (the "Company") announces that on May 26, 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: 75,077

Date of transaction: May 26, 2022

Price paid per share: £94.170182

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 17,773,499 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 214,397,683.

The figure of 214,397,683 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/9923M_1-2022-5-26.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/702960/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase amount announced by Ferguson PLC?

Ferguson PLC announced a share repurchase of $2 billion.

How many shares did Ferguson repurchase on May 26, 2022?

Ferguson repurchased 75,077 ordinary shares on May 26, 2022.

What was the price per share for the Ferguson PLC buyback?

The price paid per share was £94.170182.

Who was the broker for Ferguson PLC's share repurchase?

Barclays Capital Securities Limited acted as the broker for the share repurchase.

How many shares does Ferguson PLC currently hold in treasury?

Ferguson PLC holds a total of 17,773,499 shares in treasury.