Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 17,959 ordinary shares at a price of £109.556940 each on March 18, 2022, as part of its $1,000 million share buyback program initiated on September 28, 2021. The shares acquired will be held in Treasury, increasing the total in Treasury to 14,313,123 shares. Post-repurchase, the total ordinary shares in issue will amount to 217,858,059, which shareholders can use to determine reporting obligations under the Disclosure and Transparency Rules.

Positive

• Ferguson repurchased 17,959 shares at £109.56 each, demonstrating a commitment to returning value to shareholders.
• The remaining shares in issue are now 217,858,059, allowing for adjusted calculations for shareholder notifications.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / March 21, 2022 / Ferguson plc (the "Company") (NYSE:FERG)(LSE:FERG) announces that on March 18, 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: 17,959

Date of transaction: March 18, 2022

Price paid per share: £109.556940

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 14,313,123 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 217,858,059.

The figure of 217,858,059 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/3445F_1-2022-3-18.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/693891/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the purpose of Ferguson's share repurchase on March 18, 2022?

The share repurchase was part of Ferguson's $1,000 million buyback program to return value to shareholders.

How many shares did Ferguson repurchase on March 18, 2022?

Ferguson repurchased a total of 17,959 ordinary shares.

What is the price per share for Ferguson's repurchase on March 18, 2022?

The price paid per share was £109.556940.

What will be the total number of shares in issue after Ferguson's buyback?

After the buyback, the total number of ordinary shares in issue will be 217,858,059.