Ferguson Share Repurchase Program - Weekly Report

Rhea-AI Summary

Ferguson plc (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity from July 8 to July 12, 2024, as part of its $4.0 billion share repurchase program. The company bought back a total of 77,542 ordinary shares across various trading venues. Daily weighted average purchase prices ranged from $188.6235 to $203.5509 per share. Following these purchases, Ferguson now holds 30,711,657 shares in treasury, with 201,459,525 ordinary shares remaining in issue. This figure can be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.

Positive

• Ongoing execution of a substantial $4.0 billion share repurchase program
• Repurchase of 77,542 shares, potentially increasing shareholder value
• Share price showed an upward trend during the week, from around $190 to over $202

Negative

• Significant cash outflow for share repurchases may impact available funds for other investments or operations

WOKINGHAM, England--(BUSINESS WIRE)-- Ferguson plc (NYSE: FERG, LSE: FERG) (the “Company”) announces today that it purchased a total of 77,542 of its ordinary shares in the period from July 8, 2024, up to and including July 12, 2024, in connection with its $4.0 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 (USD)	Trading venue
July 8, 2024	7,613	190.6115	XDOT
July 8, 2024	1,100	190.6618	BATS
July 8, 2024	3,216	190.6860	INET
July 8, 2024	1,610	190.6307	EDGX
July 8, 2024	1,280	190.5903	ARCA
July 8, 2024	600	190.6483	MEMX
July 8, 2024	200	190.5000	EPRL
July 8, 2024	300	190.2633	NQPX
July 8, 2024	122	190.8600	CHX
July 9, 2024	8,377	188.8069	XDOT
July 9, 2024	1,249	188.6642	BATS
July 9, 2024	3,648	188.6235	INET
July 9, 2024	900	189.0689	EDGX
July 9, 2024	1,000	188.6100	ARCA
July 9, 2024	100	187.9700	EPRL
July 9, 2024	400	188.6975	MEMX
July 9, 2024	100	188.5600	NQPX
July 9, 2024	100	188.5300	CHX
July 9, 2024	100	188.2500	XPER
July 10, 2024	8,692	189.3114	XDOT
July 10, 2024	4,665	189.5868	INET
July 10, 2024	1,106	189.0039	EDGX
July 10, 2024	600	188.9483	BATS
July 10, 2024	1,213	189.6860	ARCA
July 10, 2024	200	188.1400	NQPX
July 10, 2024	100	189.2400	CHX
July 10, 2024	400	189.7350	MEMX
July 10, 2024	200	189.4700	XPER
July 11, 2024	850	196.2212	ARCA
July 11, 2024	8,118	196.4229	XDOT
July 11, 2024	1,200	196.2400	EDGX
July 11, 2024	2,738	196.3974	INET
July 11, 2024	200	195.7150	XPER
July 11, 2024	200	196.3450	CHX
July 11, 2024	1,101	196.5150	BATS
July 11, 2024	300	196.7400	MEMX
July 11, 2024	100	196.2100	EPRL
July 11, 2024	100	196.2100	NQPX
July 12, 2024	7,070	202.9984	XDOT
July 12, 2024	1,000	203.4120	BATS
July 12, 2024	2,491	202.8871	INET
July 12, 2024	200	202.1500	MEMX
July 12, 2024	982	203.5509	EDGX
July 12, 2024	300	203.3233	XPER
July 12, 2024	500	203.3640	ARCA
July 12, 2024	127	202.5100	CHX
July 12, 2024	200	203.2050	EPRL
July 12, 2024	574	203.1648	NQPX

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 30,711,657.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 201,459,525. The figure of 201,459,525 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 can be found at Ferguson - Investors - Shareholder Center - Share Buy-Back Details - 2024 Share Buy-Back.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240717068710/en/

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

Source: Ferguson plc

FAQ

How many shares did Ferguson (FERG) repurchase from July 8 to July 12, 2024?

Ferguson plc (FERG) repurchased a total of 77,542 ordinary shares from July 8 to July 12, 2024, as part of its $4.0 billion share repurchase program.

What was the price range for Ferguson's (FERG) share repurchases during the reported week?

The daily weighted average purchase prices for Ferguson's (FERG) share repurchases ranged from approximately $188.62 to $203.55 per share during the week of July 8 to July 12, 2024.

How many shares does Ferguson (FERG) hold in treasury after the recent repurchases?

Following the reported share repurchases, Ferguson plc (FERG) holds 30,711,657 shares in treasury as of July 12, 2024.

What is the remaining number of ordinary shares in issue for Ferguson (FERG) after the buyback?

After the reported share repurchases, the remaining number of ordinary shares in issue for Ferguson plc (FERG) is 201,459,525 as of July 12, 2024.