Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) has announced the purchase of 164,736 ordinary shares from January 16 to January 20, 2023, as part of its $2.5 billion share repurchase program. The average purchase prices were approximately 11,345.00 on January 16 and 10,929.05 on January 20. The total shares held in treasury post-purchase will amount to 25,446,886, with 206,724,296 ordinary shares remaining in circulation. This information is significant for shareholders as it may impact their interest calculations.

Positive

• Conducted share buybacks during the specified period, indicating a commitment to return capital to shareholders.
• Continued execution of a substantial $2.5 billion share repurchase program reflects confidence in the company’s financial health.

Negative

• None.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / January 24, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 164,736 of its ordinary shares in the period from January 16, 2023, up to and including January 20, 2023, in connection with its $2.5 billion share repurchase program.

Aggregated information about the purchases carried out during this period

Trading day	Aggregate daily volume (in number of shares)	Daily weighted average purchase price of the shares	Trading venue
January 16, 2023	42,115	11,345.0000	XLON
January 17, 2023	12,409	11,321.9292	XLON
January 18, 2023	42,984	11,280.2365	XLON
January 19, 2023	38,052	10,920.0000	XLON
January 20, 2023	29,176	10,929.0528	XLON

The Company intends to hold these shares in treasury. Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 25,446,886.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 206,724,296. The figure of 206,724,296 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/5946N_1-2023-1-23.pdf

For further information please contact:

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/736457/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson plc's recent share repurchase activity?

Ferguson plc repurchased 164,736 ordinary shares from January 16 to January 20, 2023, as part of its $2.5 billion share buyback program.

How many shares will be in treasury after Ferguson's latest buyback?

After the recent purchases, Ferguson plc will hold a total of 25,446,886 shares in treasury.

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

Following the repurchases, the number of ordinary shares in issue will be 206,724,296.

What were the average purchase prices for Ferguson plc's shares during the buyback?

The average purchase prices varied, with approximately 11,345.00 on January 16 and 10,929.05 on January 20, 2023.