Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced a share repurchase of 19,914 ordinary shares at £101.97 each on July 21, 2021, as part of its $400 million buyback program initiated on March 16, 2021. The company now holds a total of 9,754,671 shares in treasury, with 222,416,511 shares remaining in circulation. This repurchase will be significant for shareholders as it affects their interest notifications under the Disclosure and Transparency Rules. Detailed transaction information is available via a link provided in the announcement.

Positive

• Share repurchase aligns with the $400 million buyback program, indicating strong cash flow management.
• Reduction in total shares outstanding can enhance earnings per share.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / July 22, 2021 / Ferguson plc (the 'Company') announces that on July 21, 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: 19,914

Date of transaction: July 21, 2021

Price paid per share: £101.966808

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 9,754,671 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,416,511.

The figure of 222,416,511 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/0435G_1-2021-7-21.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/656552/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is the recent share repurchase by Ferguson plc?

On July 21, 2021, Ferguson plc repurchased 19,914 ordinary shares at a price of £101.97 each as part of its $400 million share buyback program.

How many shares does Ferguson plc hold in treasury after the repurchase?

After the recent repurchase, Ferguson plc holds a total of 9,754,671 shares in treasury.

What is the impact of Ferguson plc's share repurchase on shareholders?

The share repurchase reduces the number of shares outstanding, which can positively impact earnings per share for existing shareholders.

When was Ferguson plc's share repurchase program announced?

The share repurchase program was announced on March 16, 2021.

What are the total shares outstanding for Ferguson plc after the buyback?

Following the repurchase, Ferguson plc has 222,416,511 ordinary shares outstanding.