Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG)(NYSE:FERG) announced on May 18, 2021, the repurchase of 30,000 ordinary shares at a price of £92.620856 per share as part of its $400 million share repurchase program initiated on March 16, 2021. After this transaction, the company holds a total of 8,716,827 shares in treasury, with a remaining 223,434,355 ordinary shares in circulation. This buyback is aimed at enhancing shareholder value. Detailed purchase information is available in compliance with Market Abuse Regulation.

Positive

• Share repurchase of 30,000 shares as part of a $400 million program, signaling confidence in the company's value.
• Total shares held in treasury increased to 8,716,827, potentially beneficial for future capital management.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / May 19, 2021 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on May 18, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase programme, details of which were announced on March 16, 2021.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 30,000

Date of transaction: May 18, 2021

Price paid per share: £92.620856

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 8,716,827 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,434,355

The figure of 223,434,355 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/0543Z_1-2021-5-18.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Mark Fearon, Director of Communications and Investor Relations	+44 (0) 118 927 3800
	+44(0) 7711 875070

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/648066/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc repurchase on May 18, 2021?

Ferguson plc repurchased 30,000 ordinary shares at £92.620856 each.

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

After the buyback, Ferguson plc holds a total of 8,716,827 shares in treasury.

How does the share repurchase impact the number of ordinary shares in issue?

Following the repurchase, the total number of ordinary shares in issue will be 223,434,355.

What was the purpose of Ferguson plc's share repurchase program announced on March 16, 2021?

The program aims to enhance shareholder value through the repurchase of shares.