Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the repurchase of 99,161 ordinary shares at a price of £91.30 each on June 15, 2022. This transaction is part of Ferguson's $2 billion share repurchase program. Following this purchase, the company holds a total of 19,118,709 shares in treasury, with 213,052,473 ordinary shares remaining in circulation. Shareholders can use this number to calculate any required notifications under the Disclosure and Transparency Rules. The shares are intended to be held in treasury.

Positive

• Engaged in a significant share repurchase program totaling $2 billion.
• Repurchased a noticeable number of shares (99,161) which could enhance shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / June 16, 2022 / Ferguson plc (the "Company") announces that on June 15, 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: 99,161

Date of transaction: June 15, 2022

Price paid per share: £91.300000

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 19,118,709 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 213,052,473.

The figure of 213,052,473 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/0477P_1-2022-6-15.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/705337/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the share repurchase price for Ferguson plc on June 15, 2022?

The share repurchase price for Ferguson plc was £91.30 per share.

How many shares did Ferguson plc repurchase on June 15, 2022?

On June 15, 2022, Ferguson plc repurchased 99,161 ordinary shares.

What is the total number of shares Ferguson plc holds in treasury after the recent buyback?

After the buyback, Ferguson plc holds 19,118,709 shares in treasury.

What is the remaining number of ordinary shares in circulation for Ferguson plc?

The remaining number of ordinary shares in circulation for Ferguson plc is 213,052,473.

Is Ferguson plc's buyback part of a larger program?

Yes, the buyback is part of Ferguson plc's $2 billion share repurchase program.