Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc (NYSE:FERG) reported the purchase of 73,540 ordinary shares from January 30 to February 3, 2023, as part of its $2.5 billion share repurchase program. The purchases included 17,542 shares on January 30 at an average price of $11,318.80, escalating to 7,769 shares on February 3 at an average price of $12,062.48. The company now holds 25,646,390 shares in treasury, leaving 206,524,792 ordinary shares outstanding. Investors can use this figure to ascertain reporting obligations under the Disclosure Guidance and Transparency Rules.

Positive

• Completed share repurchase of 73,540 shares at varied prices, enhancing shareholder value.
• Company holds 25,646,390 shares in treasury, indicating strong management of capital.

Negative

• Average purchase prices fluctuated, with the highest at $12,062.48 per share, which could reflect market volatility.

Ferguson Share Repurchase Program - Weekly Report

WOKINGHAM, UK / ACCESSWIRE / February 7, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 73,540 of its ordinary shares in the period from January 30, 2023, up to and including February 3, 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 30, 2023	17,542	11,318.8040	XLON
January 31, 2023	29,543	11,278.1566	XLON
February 1, 2023	18,686	11,480.0000	XLON
February 3, 2023	7,769	12,062.4832	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 25,646,390.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 206,524,792. The figure of 206,524,792 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/0586P_1-2023-2-6.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/738333/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What is Ferguson's recent share repurchase activity?

Ferguson recently repurchased 73,540 shares from January 30 to February 3, 2023, as part of its $2.5 billion program.

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

Ferguson now holds 25,646,390 shares in treasury.

What is the current number of ordinary shares outstanding for Ferguson?

Following the buyback, Ferguson has 206,524,792 ordinary shares outstanding.

What average price did Ferguson pay for the shares in the recent buyback?

The average purchase prices ranged from $11,278.16 to $12,062.48 during the buyback period.