Ferguson Share Repurchase Program - Weekly Report

Rhea-AI Summary

Ferguson plc (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity as part of its $4.0 billion buyback program. From July 22 to July 26, 2024, the company purchased a total of 56,000 ordinary shares across various trading venues. Daily purchase volumes ranged from 11,900 to 12,000 shares, with weighted average prices between $209.29 and $218.68 per share. Following these purchases, Ferguson holds 30,827,929 shares in treasury, with 201,343,253 ordinary shares remaining in issue. This figure may be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.

Positive

• Ongoing $4.0 billion share repurchase program demonstrates confidence in company's financial position
• Consistent daily share purchases indicate steady execution of buyback plan
• Share repurchases may potentially increase earnings per share for remaining shareholders

Negative

• Capital spent on share repurchases could potentially be used for other growth initiatives or dividends
• Share buybacks may reduce the company's cash reserves

WOKINGHAM, England--(BUSINESS WIRE)-- Ferguson plc (NYSE: FERG, LSE: FERG) (the “Company”) announces today that it purchased a total of 56,000 of its ordinary shares in the period from July 22, 2024, up to and including July 26, 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 22, 2024	3,470	209.2928	INET
July 22, 2024	4,585	209.6806	XDOT
July 22, 2024	900	210.5267	BATS
July 22, 2024	1,433	208.7454	EDGX
July 22, 2024	1,000	210.2230	ARCA
July 22, 2024	100	208.5700	CHX
July 22, 2024	412	210.9745	MEMX
July 23, 2024	4,663	212.0311	XDOT
July 23, 2024	1,200	212.2425	EDGX
July 23, 2024	1,454	212.0975	BATS
July 23, 2024	1,950	212.1001	INET
July 23, 2024	800	212.1475	ARCA
July 23, 2024	239	212.2081	NQPX
July 23, 2024	205	212.4024	EPRL
July 23, 2024	128	212.3814	CHX
July 23, 2024	561	212.4477	MEMX
July 23, 2024	300	212.5533	XPER
July 24, 2024	3,216	211.4679	INET
July 24, 2024	1,152	211.3282	ARCA
July 24, 2024	4,302	211.4092	XDOT
July 24, 2024	1,490	212.0276	BATS
July 24, 2024	740	211.5908	EDGX
July 24, 2024	400	211.1725	MEMX
July 24, 2024	200	211.4550	NQPX
July 24, 2024	300	212.3967	CHX
July 25, 2024	4,686	211.5480	XDOT
July 25, 2024	700	212.2014	MEMX
July 25, 2024	2,417	212.2117	INET
July 25, 2024	1,100	211.5518	EDGX
July 25, 2024	500	212.0860	BATS
July 25, 2024	200	209.6550	XPER
July 25, 2024	1,300	212.8208	ARCA
July 25, 2024	97	211.9100	CHX
July 26, 2024	600	217.6100	ARCA
July 26, 2024	4,300	218.6790	XDOT
July 26, 2024	2,047	218.7325	INET
July 26, 2024	1,206	218.5883	BATS
July 26, 2024	600	218.6083	EDGX
July 26, 2024	294	218.6095	EPRL
July 26, 2024	200	219.7900	XPER
July 26, 2024	200	219.6750	MEMX
July 26, 2024	153	219.8967	CHX
July 26, 2024	200	220.1200	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 30,827,929.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 201,343,253. The figure of 201,343,253 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/20240731503010/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 plc (FERG) repurchase from July 22 to July 26, 2024?

Ferguson plc repurchased a total of 56,000 ordinary shares from July 22 to July 26, 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 shares ranged from approximately $209.29 to $218.68 during the week of July 22 to July 26, 2024.

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

Following the reported share purchases, Ferguson plc holds 30,827,929 shares in treasury.

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

After the reported share repurchases, the remaining number of ordinary shares in issue for Ferguson plc is 201,343,253.