Ferguson Share Repurchase Program - Weekly Report

Rhea-AI Summary

Ferguson plc (NYSE: FERG, LSE: FERG) announced the purchase of 65,006 ordinary shares from July 1 to July 5, 2024, as part of its $4.0 billion share repurchase program. The aggregate daily volume and daily weighted average purchase price per trading venue were detailed in the press release.

The company plans to hold these shares in treasury. Following these purchases, Ferguson holds 30,634,115 shares in treasury, reducing the total number of ordinary shares in issue to 201,537,067.

This updated figure serves as the denominator for shareholders to determine notification obligations under the Disclosure Guidance and Transparency Rules.

Detailed information can be found on Ferguson's Investor Share Buy-Back Details page.

Positive

• Ferguson bought 65,006 shares, displaying confidence in their stock.
• The buyback reduces shares in issue, potentially boosting EPS.
• The $4.0 billion repurchase program indicates strong financial health.

Negative

• The share repurchase may limit capital available for other investments.

WOKINGHAM, England--(BUSINESS WIRE)-- Ferguson plc (NYSE: FERG, LSE: FERG) (the “Company”) announces today that it purchased a total of 65,006 of its ordinary shares in the period from July 1, 2024, up to and including July 5, 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 1. 2024	7,724	190.7606	XDOT
July 1. 2024	1,300	190.5545	ARCA
July 1. 2024	3,898	190.7760	INET
July 1. 2024	900	190.4889	EDGX
July 1. 2024	1,023	190.6711	BATS
July 1. 2024	700	190.1300	MEMX
July 1. 2024	100	189.9600	XPER
July 1. 2024	486	190.5580	CHX
July 1. 2024	100	190.7500	NQPX
July 1. 2024	38	190.9400	IEX
July 1. 2024	4	190.8800	EDGA
July 2. 2024	6,714	189.4309	XDOT
July 2. 2024	900	189.3567	MEMX
July 2. 2024	601	189.3210	BATS
July 2. 2024	1,257	189.0200	EDGX
July 2. 2024	3,447	189.4249	INET
July 2. 2024	200	188.9500	EDGA
July 2. 2024	1,593	189.7562	IEX
July 2. 2024	684	189.5825	ARCA
July 2. 2024	107	188.9247	EPRL
July 2. 2024	300	189.2767	BEX
July 2. 2024	100	188.9800	XPER
July 2. 2024	197	189.2284	NSX
July 2. 2024	3	189.1000	NQPX
July 2. 2024	102	189.5286	BYXX
July 2. 2024	100	190.6000	CHX
July 3. 2024	700	190.3443	ARCA
July 3. 2024	600	190.6617	EDGX
July 3. 2024	5,119	190.6226	INET
July 3. 2024	7,005	190.8735	XDOT
July 3. 2024	181	190.8300	NQPX
July 3. 2024	1,481	190.8597	MEMX
July 3. 2024	1,014	190.5775	BATS
July 3. 2024	100	190.6400	EPRL
July 5. 2024	7,638	190.2256	XDOT
July 5. 2024	1,975	190.1451	ARCA
July 5. 2024	306	189.8864	MEMX
July 5. 2024	3,613	190.1999	INET
July 5. 2024	992	190.1585	EDGX
July 5. 2024	200	190.0150	XPER
July 5. 2024	1,200	189.9808	BATS
July 5. 2024	210	190.2243	EPRL
July 5. 2024	94	190.5500	CHX

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 30,634,115.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 201,537,067. The figure of 201,537,067 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/20240710857078/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 did Ferguson announce on July 5, 2024?

Ferguson announced it had purchased 65,006 of its ordinary shares from July 1 to July 5, 2024, as part of its $4.0 billion share repurchase program.

How many shares did Ferguson buy between July 1 and July 5, 2024?

Ferguson bought a total of 65,006 shares between July 1 and July 5, 2024.

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

The purpose of Ferguson's $4.0 billion share repurchase program is to buy back shares, potentially increasing earnings per share and demonstrating confidence in the company's future.

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

Following the recent purchases, Ferguson holds 30,634,115 shares in treasury.

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

After the buyback, the new total number of Ferguson's ordinary shares in issue is 201,537,067.

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

Detailed information about Ferguson's share buyback can be found on Ferguson's Investor Share Buy-Back Details page.