Ferguson Share Repurchase Program - Weekly Report

Rhea-AI Summary

Ferguson plc (NYSE: FERG, LSE: FERG) announced that it repurchased 58,185 of its ordinary shares between June 17, 2024, and June 21, 2024, under its $4.0 billion share repurchase program.

The repurchased shares will be held in treasury. Post-purchase, Ferguson now holds 30,487,031 shares in treasury, reducing the total number of ordinary shares in issue to 201,684,151.

This repurchase aligns with the Market Abuse Regulation and the European Union (Withdrawal) Act 2018. Detailed information is available on Ferguson's shareholder center page.

Positive

• Ferguson repurchased 58,185 shares in its $4.0 billion buyback program, demonstrating strong financial health.
• Share buyback reduces outstanding shares to 201,684,151, potentially increasing earnings per share (EPS) and shareholder value.

Negative

• The repurchase price ranges from $193.9086 to $202.9400 per share, which may be considered high, affecting future liquidity.

WOKINGHAM, England--(BUSINESS WIRE)-- Ferguson plc (NYSE: FERG, LSE: FERG) (the “Company”) announces today that it purchased a total of 58,185 of its ordinary shares in the period from June 17, 2024, up to and including June 21, 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
June 17, 2024	1,741	200.7527	INET
June 17, 2024	5,412	200.7977	XDOT
June 17, 2024	300	200.0033	XPER
June 17, 2024	1,000	200.7600	EDGX
June 17, 2024	252	200.4495	NSX
June 17, 2024	1,302	200.8687	ARCA
June 17, 2024	1,100	200.4945	IEX
June 17, 2024	200	199.7300	BYXX
June 17, 2024	1,294	200.7687	BATS
June 17, 2024	600	200.5000	MEMX
June 17, 2024	100	199.8100	EPRL
June 17, 2024	191	201.4863	NQPX
June 17, 2024	100	201.6000	EDGA
June 18, 2024	400	202.1500	EPRL
June 18, 2024	4,421	201.5990	XDOT
June 18, 2024	1,000	201.9340	BATS
June 18, 2024	1,341	201.5738	ARCA
June 18, 2024	2,936	201.3492	INET
June 18, 2024	1,126	201.8330	IEX
June 18, 2024	1,000	201.8660	EDGX
June 18, 2024	100	200.9100	XPER
June 18, 2024	400	201.3375	MEMX
June 18, 2024	100	200.8400	BEX
June 18, 2024	300	201.4600	BYXX
June 18, 2024	100	201.7000	NQPX
June 18, 2024	100	202.9400	CHX
June 18, 2024	100	202.4600	NSX
June 20, 2024	800	198.1013	EDGA
June 20, 2024	1,201	197.1701	EDGX
June 20, 2024	5,594	197.7933	XDOT
June 20, 2024	2,875	197.2881	INET
June 20, 2024	1,404	197.6849	ARCA
June 20, 2024	400	197.2200	BYXX
June 20, 2024	1,001	197.7599	BATS
June 20, 2024	200	198.6200	EPRL
June 20, 2024	552	197.8278	MEMX
June 20, 2024	1,083	198.2899	IEX
June 20, 2024	400	196.5725	NSX
June 20, 2024	100	196.3700	BEX
June 21, 2024	7,256	193.9968	XDOT
June 21, 2024	1,800	194.3311	ARCA
June 21, 2024	1,100	194.0291	BATS
June 21, 2024	3,204	193.9086	INET
June 21, 2024	1,100	194.2036	MEMX
June 21, 2024	600	194.0533	EDGX
June 21, 2024	300	194.4667	NQPX
June 21, 2024	100	194.3500	CHX
June 21, 2024	99	195.0200	BYXX

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 30,487,031.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 201,684,151. The figure of 201,684,151 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/20240626282483/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 Ferguson shares were repurchased between June 17 and June 21, 2024?

Ferguson repurchased 58,185 shares between June 17 and June 21, 2024.

What is the purpose of Ferguson's $4.0 billion share repurchase program?

The share repurchase program aims to reduce the number of outstanding shares, potentially increasing EPS and shareholder value.

What is the new total number of Ferguson's ordinary shares in issue after the repurchase?

After the repurchase, the total number of Ferguson's ordinary shares in issue is 201,684,151.

How many Ferguson shares are currently held in treasury?

Following the repurchase, Ferguson holds 30,487,031 shares in treasury.

Where can detailed information about Ferguson's share repurchase be found?

Detailed information about Ferguson's share repurchase can be found on the Ferguson Shareholder Center page.