Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced on July 27, 2021, the repurchase of 19,806 ordinary shares at a price of £101.65 each as part of its $400 million share repurchase program initiated on March 16, 2021. With this transaction, the company intends to hold these shares in Treasury, raising the total number of shares held in Treasury to 9,834,431. Following this buyback, the number of ordinary shares in circulation will be 222,336,751, which shareholders can use to assess their interest notifications under Disclosure and Transparency Rules.

Positive

• Successful execution of the $400 million share repurchase program.
• Reduction of shares in circulation, which may enhance shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / July 28, 2021 / Ferguson plc (the 'Company') announces that on July 27, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase program, details of which were announced on March 16, 2021.

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

Number of shares repurchased: 19,806

Date of transaction: July 27, 2021

Price paid per share: £101.650000

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 9,834,431 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,336,751.

The figure of 222,336,751 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/6620G_1-2021-7-27.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Brian Lantz, Vice President IR and Communications	+1 224 285 2410

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/657360/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc buy back on July 27, 2021?

Ferguson plc repurchased 19,806 ordinary shares of 10 pence each on July 27, 2021.

What was the price paid per share for the repurchase by Ferguson plc?

The price paid per share during the repurchase was £101.65.

What is the total number of shares held in Treasury by Ferguson plc after the buyback?

After the buyback, Ferguson plc holds a total of 9,834,431 shares in Treasury.

How many ordinary shares will remain in circulation after the repurchase?

Following the repurchase, there will be 222,336,751 ordinary shares remaining in circulation.

What is the significance of the repurchase for Ferguson plc shareholders?

The repurchase may enhance shareholder value by reducing the overall number of shares in circulation.