Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 49,506 ordinary shares at a price of £119.000140 each on January 19, 2022, as part of its $1,000 million share buyback program initiated on September 28, 2021. The company now holds a total of 12,163,387 shares in Treasury, with 220,007,795 ordinary shares remaining in circulation. This information is significant for shareholders as it affects their interest notification obligations under the Disclosure and Transparency Rules.

Positive

• Share buyback program continues as planned, indicating confidence in company value.
• Total shares in Treasury increases, potentially supporting share price stability.

Negative

• None.

Transaction in own shares

WOKINGHAM, UK / ACCESSWIRE / January 20, 2022 / Ferguson plc (the "Company") announces that on January 19, 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: 49,506

Date of transaction: January 19, 2022

Price paid per share: £119.000140

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 12,163,387 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 220,007,795.

The figure of 220,007,795 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/0073Z_1-2022-1-19.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/684713/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share buyback announcement by Ferguson PLC?

Ferguson PLC announced the repurchase of 49,506 shares on January 19, 2022, as part of its ongoing $1,000 million share buyback program.

How many shares does Ferguson PLC currently hold in Treasury?

Ferguson PLC now holds a total of 12,163,387 shares in Treasury after the recent repurchase.

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

The price paid per share during the recent buyback was £119.000140.

How many ordinary shares are outstanding for Ferguson PLC after the buyback?

After the recent buyback, Ferguson PLC has 220,007,795 ordinary shares outstanding.

Which broker handled the recent share repurchase for Ferguson PLC?

The recent share repurchase was handled by J.P. Morgan Securities plc.