Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 60,000 of its ordinary shares at a price of £91.74 as part of its $2 billion share repurchase program on May 10, 2022. Following this transaction, Ferguson holds a total of 16,819,828 shares in treasury, leaving 215,351,354 shares in circulation. This number represents the denominator for shareholders to calculate their interests under the Disclosure and Transparency Rules.

Positive

• Completion of the repurchase of 60,000 shares at a substantial share price, supporting shareholder value.
• The company retains over 16 million shares in treasury, showcasing commitment to return value to shareholders.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / May 11, 2022 / Ferguson plc (the "Company") announces that on May 10, 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: 60,000

Date of transaction: May 10, 2022

Price paid per share: £91.740000

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 16,819,828 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 215,351,354.

The figure of 215,351,354 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/0093L_1-2022-5-10.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/700858/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the purpose of the Ferguson plc share repurchase announced on May 10, 2022?

The share repurchase was part of Ferguson plc's $2 billion share repurchase program to enhance shareholder value.

How many shares did Ferguson plc repurchase on May 10, 2022?

Ferguson plc repurchased 60,000 ordinary shares on May 10, 2022.

What is the current number of ordinary shares in circulation for Ferguson plc after the buyback?

After the buyback, there are 215,351,354 ordinary shares in circulation for Ferguson plc.

What price did Ferguson plc pay per share for the buyback on May 10, 2022?

Ferguson plc paid £91.74 per ordinary share for the buyback on May 10, 2022.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc currently holds 16,819,828 shares in treasury.