Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 70,000 ordinary shares at £92.10 each on April 13, 2021, as part of its $400 million share buyback program initiated on March 16, 2021. The shares are held in Treasury, increasing total held shares to 7,820,233. Following this transaction, the total number of ordinary shares in issue will be 224,350,949, which shareholders can use for interest notifications as per disclosure regulations.

Positive

• Effective execution of a $400 million share repurchase program.
• Repurchase enhances shareholder value by reducing shares in circulation.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / April 13, 2021 / Ferguson plc (LSE:FERG)(NYSE:FERG) (the "Company") announces that on April 13, 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: 70,000

Date of transaction: April 13, 2021

Price paid per share: £92.100000

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 7,820,233 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 224,350,949

The figure of 224,350,949 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/3583V_1-2021-4-13.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/640282/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was Ferguson plc's recent share repurchase transaction?

On April 13, 2021, Ferguson plc repurchased 70,000 ordinary shares at £92.10 each as part of its $400 million share buyback program.

How many shares does Ferguson plc hold in Treasury after the recent buyback?

After the buyback, Ferguson plc holds a total of 7,820,233 shares in Treasury.

What is the total number of shares in issue for Ferguson plc after the recent transaction?

Following the repurchase, Ferguson plc has 224,350,949 ordinary shares in issue.

When did Ferguson plc announce its share repurchase program?

Ferguson plc announced its $400 million share repurchase program on March 16, 2021.

What is the significance of the share repurchase for Ferguson plc investors?

The share repurchase is intended to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share.