Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 80,000 ordinary shares at £103.639745 each as part of its $2 billion share repurchase program on March 30, 2022. Following this transaction, the company now holds a total of 14,610,299 shares in treasury. The total number of ordinary shares in issue after the repurchase is 217,560,883. This figure will assist shareholders in compliance with notification obligations under the Disclosure and Transparency Rules.

Positive

• Completed purchase of 80,000 shares under the $2 billion repurchase program.
• Total treasury shares now stand at 14,610,299, indicating strong capital management.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / March 31, 2022 / Ferguson plc (the "Company") announces that on March 30, 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: 80,000

Date of transaction: March 30, 2022

Price paid per share: £103.639745

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 14,610,299 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 217,560,883.

The figure of 217,560,883 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/6779G_1-2022-3-30.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/695403/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson plc's recent share repurchase activity?

Ferguson plc purchased 80,000 ordinary shares at £103.639745 each on March 30, 2022, as part of its $2 billion share repurchase program.

How many shares does Ferguson plc hold in treasury after the recent purchase?

After the recent purchase, Ferguson plc holds 14,610,299 shares in treasury.

What is the total number of Ferguson plc's ordinary shares in issue after the repurchase?

Following the repurchase, the total number of ordinary shares in issue is 217,560,883.

What was the purpose of Ferguson plc's share repurchase program?

The share repurchase program aims to manage capital and return value to shareholders.

What price did Ferguson plc pay for its repurchased shares?

Ferguson plc paid £103.639745 per share for the repurchased 80,000 shares.