Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 9,377 ordinary shares on February 15, 2022, under its $1,000 million share repurchase program initiated on September 28, 2021. The shares were bought at a price of £110.68 each through J.P. Morgan Securities plc. Following this transaction, Ferguson holds a total of 13,106,388 shares in Treasury, leaving 219,064,794 ordinary shares in circulation. This information is relevant for shareholder interest notifications as outlined under the Disclosure and Transparency Rules.

Positive

• Share repurchase program continues, indicating confidence in the company.
• Total shares repurchased are now 13,106,388, reducing outstanding shares.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / February 16, 2022 / Ferguson plc (the "Company") announces that on February 15, 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: 9,377

Date of transaction: February 15, 2022

Price paid per share: £110.684996

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 13,106,388 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,064,794.

The figure of 219,064,794 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/7869B_1-2022-2-15.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/689005/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What recent share repurchase activity has Ferguson plc undertaken?

On February 15, 2022, Ferguson plc repurchased 9,377 ordinary shares under its $1,000 million share repurchase program.

What was the price paid for shares repurchased by Ferguson plc?

Ferguson plc paid £110.68 per share for the repurchased shares on February 15, 2022.

How many shares does Ferguson plc currently hold in Treasury?

Ferguson plc currently holds a total of 13,106,388 shares in Treasury.

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

After the repurchase, the total number of ordinary shares in issue is 219,064,794.