Ferguson Share Repurchase Program - Weekly Report

Rhea-AI Summary

Ferguson plc (NYSE: FERG, LSE: FERG) has announced the repurchase of 136,845 of its ordinary shares from May 13 to May 17, 2024, as part of its $3.0 billion share repurchase program.

The purchases occurred across various trading venues, with daily volumes ranging from 5 to 52,200 shares, and prices between $210.7368 and $221.7600.

Post-repurchase, Ferguson's treasury holds 30,206,245 shares, with 201,964,937 ordinary shares remaining in circulation.

Shareholders can use this figure for their notification obligations under the UK Disclosure Guidance and Transparency Rules.

Positive

• Ferguson repurchased 136,845 shares, supporting shareholder value.
• The $3.0 billion share repurchase program indicates strong financial health.
• Post-repurchase, 201,964,937 shares remain in circulation, potentially increasing earnings per share.

Negative

• The share repurchase program may signal investment opportunities.
• Repurchasing shares could lead to reduced liquidity in the market.
• The weighted average purchase prices ranged between $210.7368 and $221.7600, reflecting varying market conditions.

WOKINGHAM, England--(BUSINESS WIRE)-- Ferguson plc (NYSE: FERG, LSE: FERG) (the “Company”) announces today that it purchased a total of 136,845 of its ordinary shares in the period from May 13, 2024, up to and including May 17, 2024, in connection with its $3.0 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
May 13, 2024	649	220.6305	ARCX
May 13, 2024	100	220.1700	CDRG
May 13, 2024	200	220.2350	HRTF
May 13, 2024	8	220.3400	XCIS
May 13, 2024	881	220.8095	XNAS
May 13, 2024	17,552	220.7045	XNYS
May 13, 2024	100	221.7600	XTXD
May 14, 2024	600	218.3767	ARCX
May 14, 2024	100	217.4900	BATS
May 14, 2024	200	218.2600	HRTF
May 14, 2024	1,173	217.9992	XNAS
May 14, 2024	20,095	218.2355	XNYS
May 15, 2024	700	219.1614	ARCX
May 15, 2024	400	219.5200	XNAS
May 15, 2024	8,616	219.2614	XNYS
May 16, 2024	1,714	215.6074	ARCX
May 16, 2024	2	214.3700	BATY
May 16, 2024	800	213.1450	CDRG
May 16, 2024	474	214.0407	HRTF
May 16, 2024	200	213.9300	KNLI
May 16, 2024	90	212.4800	XBOS
May 16, 2024	4,107	214.5015	XNAS
May 16, 2024	52,200	214.7952	XNYS
May 16, 2024	400	212.9200	XTXD
May 17, 2024	790	211.4170	ARCX
May 17, 2024	5	210.9900	BATS
May 17, 2024	100	210.9800	CDRG
May 17, 2024	185	210.7368	HRTF
May 17, 2024	248	210.8653	KNLI
May 17, 2024	113	210.9356	MEMX
May 17, 2024	1,188	211.1330	XNAS
May 17, 2024	22,794	210.9608	XNYS
May 17, 2024	61	210.8000	XTXD

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 30,206,245.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 201,964,937. The figure of 201,964,937 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/20240522670153/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

What is Ferguson's share repurchase program?

Ferguson's share repurchase program is a $3.0 billion initiative to buy back its ordinary shares.

How many shares did Ferguson repurchase between May 13 and 17, 2024?

Ferguson repurchased 136,845 shares between May 13 and 17, 2024.

What were the trading venues for Ferguson's share repurchases?

Ferguson's share repurchases took place across various venues, including ARCX, CDRG, HRTF, XCIS, XNAS, XNYS, BATS, BATY, KNLI, XBOS, MEMX, and XTXD.

What was the highest and lowest purchase price during Ferguson's share repurchase?

The highest purchase price was $221.7600, and the lowest was $210.7368.

How many shares are held in Ferguson's treasury after the repurchase?

Ferguson holds 30,206,245 shares in its treasury post-repurchase.

How many ordinary shares remain in circulation after Ferguson's repurchase?

Post-repurchase, 201,964,937 ordinary shares remain in circulation.