Ferguson Share Repurchase Program - Weekly Report

Rhea-AI Summary

Ferguson plc (NYSE: FERG, LSE: FERG) has reported on its ongoing $4.0 billion share repurchase program. From July 15 to July 19, 2024, the company purchased 60,468 ordinary shares across various trading venues. The daily weighted average purchase prices ranged from $204.24 to $214.45 per share. Following these purchases, Ferguson now holds 30,772,125 shares in treasury, with 201,399,057 ordinary shares remaining in issue. This figure can be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules. The company intends to keep the repurchased shares in treasury, potentially impacting future share value and earnings per share.

Positive

• Ongoing $4.0 billion share repurchase program demonstrates confidence in company's financial position
• Repurchase of 60,468 shares may lead to increased earnings per share for remaining shareholders
• Holding shares in treasury provides flexibility for future corporate actions

Negative

• Share repurchases reduce cash reserves that could be used for other investments or operations
• Buybacks may indicate growth opportunities for reinvesting capital

WOKINGHAM, England--(BUSINESS WIRE)-- Ferguson plc (NYSE: FERG, LSE: FERG) (the “Company”) announces today that it purchased a total of 60,468 of its ordinary shares in the period from July 15, 2024, up to and including July 19, 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 15, 2024	300	204.2400	NQPX
July 15, 2024	5,323	205.7474	XDOT
July 15, 2024	1,647	205.4169	ARCA
July 15, 2024	1,200	205.5175	EDGX
July 15, 2024	3,238	205.6027	INET
July 15, 2024	600	205.0883	MEMX
July 15, 2024	500	205.9940	BATS
July 15, 2024	29	206.1979	EPRL
July 15, 2024	70	206.3900	CHX
July 15, 2024	200	205.3950	XPER
July 16, 2024	4,258	212.9018	INET
July 16, 2024	1,205	213.1034	EDGX
July 16, 2024	845	212.2504	ARCA
July 16, 2024	200	211.3100	XPER
July 16, 2024	4,266	212.7606	XDOT
July 16, 2024	1,108	211.9241	BATS
July 16, 2024	100	211.1700	EPRL
July 16, 2024	300	212.5600	MEMX
July 16, 2024	370	212.1811	NQPX
July 16, 2024	15	214.0900	IEX
July 16, 2024	100	214.4500	CHX
July 17, 2024	4,974	212.7390	XDOT
July 17, 2024	610	213.3330	EDGX
July 17, 2024	800	212.2613	BATS
July 17, 2024	3,100	212.4626	INET
July 17, 2024	500	212.3620	MEMX
July 17, 2024	100	211.2900	EPRL
July 17, 2024	369	211.8160	ARCA
July 17, 2024	100	212.7300	CHX
July 18, 2024	5,600	211.1523	XDOT
July 18, 2024	800	211.1050	EDGX
July 18, 2024	1,200	211.2708	ARCA
July 18, 2024	1,665	212.0755	BATS
July 18, 2024	2,075	211.1186	INET
July 18, 2024	100	214.6900	CHX
July 18, 2024	100	211.1000	MEMX
July 18, 2024	100	210.9500	NQPX
July 18, 2024	100	210.0400	EPRL
July 18, 2024	100	209.8200	XPER
July 19, 2024	3,312	207.8177	INET
July 19, 2024	800	207.5950	BATS
July 19, 2024	5,189	207.3233	XDOT
July 19, 2024	200	208.7200	EPRL
July 19, 2024	1,400	207.5021	EDGX
July 19, 2024	600	207.5733	ARCA
July 19, 2024	100	208.2300	XPER
July 19, 2024	500	207.3940	MEMX
July 19, 2024	100	206.7500	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 30,772,125.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 201,399,057. The figure of 201,399,057 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/20240724425007/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 15 to July 19, 2024?

Ferguson plc repurchased 60,468 ordinary shares from July 15 to July 19, 2024, as part of its $4.0 billion share repurchase program.

What was the price range for Ferguson's (FERG) share repurchases in July 2024?

The daily weighted average purchase prices for Ferguson's share repurchases ranged from $204.24 to $214.45 per share during the reported period in July 2024.

How many shares does Ferguson (FERG) hold in treasury after the July 2024 repurchases?

Following the reported share repurchases, Ferguson plc holds 30,772,125 shares in treasury.

What is the remaining number of ordinary shares in issue for Ferguson (FERG) after the July 2024 buybacks?

After the reported share repurchases, the remaining number of ordinary shares in issue for Ferguson plc is 201,399,057.