Ferguson Share Repurchase Program - Weekly Report

Rhea-AI Summary

Ferguson plc (NYSE: FERG, LSE: FERG) announced the purchase of 50,193 of its ordinary shares from May 6 to May 10, 2024, as part of its $3.0 billion share repurchase program.

The company disclosed detailed aggregated information on the daily volumes and weighted average purchase prices across various trading venues, ranging from $218.1400 to $221.4900 per share.

Following this purchase, Ferguson now holds 30,069,400 shares in treasury, with 202,101,782 ordinary shares in issue.

This information is provided under the EU Market Abuse Regulation and is essential for shareholders to assess their notification obligations under the Disclosure Guidance and Transparency Rules.

Positive

• Successful repurchase of 50,193 shares within a week.
• Share prices ranged between $218.1400 to $221.4900, indicating a stable trading range.
• Current treasury holding increased to 30,069,400 shares.
• Remaining shares in issue are 202,101,782, which is important for shareholder calculations.

Negative

• Ongoing share repurchase may affect liquidity.
• High expenditure on share repurchase could impact cash reserves.
• Potential for reduced market confidence if share prices were to decrease significantly post-repurchase.

WOKINGHAM, England--(BUSINESS WIRE)-- Ferguson plc (NYSE: FERG, LSE: FERG) (the “Company”) announces today that it purchased a total of 50,193 of its ordinary shares in the period from May 6, 2024, up to and including May 10, 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 6, 2024	106	218.5174	ARCX
May 6, 2024	94	218.1500	CDRG
May 6, 2024	171	218.3300	HRTF
May 6, 2024	500	218.1400	XNAS
May 6, 2024	6,870	218.2929	XNYS
May 7, 2024	800	219.3263	XNAS
May 7, 2024	8,532	219.3518	XNYS
May 8, 2024	456	219.1242	ARCX
May 8, 2024	300	219.7600	KNLI
May 8, 2024	700	219.2043	XNAS
May 8, 2024	11,461	219.2511	XNYS
May 9, 2024	300	220.2800	ARCX
May 9, 2024	90	221.4900	BATY
May 9, 2024	300	220.4867	KNLI
May 9, 2024	200	220.7750	XNAS
May 9, 2024	6,505	220.6868	XNYS
May 10, 2024	501	221.1702	ARCX
May 10, 2024	85	221.1400	XCIS
May 10, 2024	940	221.0796	XNAS
May 10, 2024	11,282	221.0863	XNYS

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 30,069,400.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 202,101,782. The figure of 202,101,782 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/20240515721151/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 the total number of shares Ferguson purchased between May 6 and May 10, 2024?

Ferguson purchased a total of 50,193 ordinary shares between May 6 and May 10, 2024.

What is the share repurchase program amount for Ferguson plc?

The share repurchase program amount for Ferguson plc is $3.0 billion.

What was the daily weighted average purchase price of Ferguson shares during the repurchase period?

The daily weighted average purchase price ranged from $218.1400 to $221.4900 per share.

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

Ferguson now holds 30,069,400 shares in treasury following the recent repurchase.

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

The total number of Ferguson's ordinary shares remaining in issue is 202,101,782.