Ferguson Share Repurchase Program - Weekly Report

Rhea-AI Summary

Ferguson plc (NYSE: FERG, LSE: FERG) announced the repurchase of 85,490 ordinary shares between May 28, 2024, and May 31, 2024, as part of its $4.0 billion share buyback program.

The repurchases were executed at various trading venues with prices ranging from $202.4500 to $206.8700 per share.

Post-repurchase, Ferguson holds 30,230,911 shares in treasury, leaving 201,940,271 ordinary shares in issue.

This figure will serve as the denominator for shareholders’ notifications under the Disclosure Guidance and Transparency Rules.

Positive

• Repurchased 85,490 shares as part of a $4.0 billion share buyback program.
• Share repurchases potentially increase shareholder value by reducing the number of shares in circulation.
• Post-repurchase, 30,230,911 shares are held in treasury, which can be beneficial for future financial strategies.

Negative

• No significant negative financial or business aspects were noted in the press release.

WOKINGHAM, England--(BUSINESS WIRE)-- Ferguson plc (NYSE: FERG, LSE: FERG) (the “Company”) announces today that it purchased a total of 85,490 of its ordinary shares in the period from May 28, 2024, up to and including May 31, 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
May 28, 2024	1,700	206.1365	ARCX
May 28, 2024	100	206.8700	KNLI
May 28, 2024	100	205.2200	TRCX
May 28, 2024	2,415	205.7087	XNAS
May 28, 2024	40,761	206.0649	XNYS
May 29, 2024	106	203.6785	ARCX
May 29, 2024	106	203.5842	BATS
May 29, 2024	7	204.2300	BATY
May 29, 2024	274	203.7887	HRTF
May 29, 2024	132	203.6639	KNLI
May 29, 2024	1,875	203.7335	XNAS
May 29, 2024	24,901	203.6665	XNYS
May 29, 2024	100	203.3400	XTXD
May 30, 2024	100	204.4100	XNAS
May 30, 2024	2,498	204.4536	XNYS
May 31, 2024	100	202.4500	ARCX
May 31, 2024	1,000	203.4690	XNAS
May 31, 2024	9,215	203.2895	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 30,230,911.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 201,940,271. The figure of 201,940,271 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/20240605055125/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 share repurchase program announced by Ferguson (FERG)?

Ferguson announced a $4.0 billion share repurchase program and recently bought back 85,490 shares between May 28 and May 31, 2024.

How many shares did Ferguson (FERG) repurchase between May 28 and May 31, 2024?

Ferguson repurchased a total of 85,490 shares during this period.

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

The prices for the share repurchases ranged from $202.4500 to $206.8700 per share.

How many ordinary shares does Ferguson (FERG) hold in treasury after the repurchase?

Following the repurchase, Ferguson holds 30,230,911 shares in treasury.

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

After the repurchase, Ferguson has 201,940,271 ordinary shares in issue.