Ferguson Share Repurchase Program - Weekly Report

Rhea-AI Summary

Ferguson plc (NYSE: FERG, LSE: FERG) announced the repurchase of 100,029 ordinary shares from May 20, 2024, to May 24, 2024, as part of its $3.0 billion share repurchase program.

The daily average purchase prices ranged from $207.56 to $212.13 across various trading venues like ARCX, XNAS, and XNYS. After these purchases, Ferguson plc holds 30,306,221 shares in treasury, with 201,864,961 ordinary shares remaining in issue.

These shares are intended to be held in treasury, and shareholders can use the new share count for notification obligations under the Disclosure Guidance and Transparency Rules.

Positive

• Repurchased 100,029 shares, showing commitment to returning value to shareholders.
• Share repurchase program totals $3.0 billion, indicating strong financial health.
• Daily average purchase prices ranged from $207.56 to $212.13, suggesting strategic buying at competitive prices.
• Post-repurchase, Ferguson plc holds 30,306,221 shares in treasury, reducing outstanding shares and potentially increasing EPS.

Negative

• No major negative aspects identified in the repurchase announcement.

WOKINGHAM, England--(BUSINESS WIRE)-- Ferguson plc (NYSE: FERG, LSE: FERG) (the “Company”) announces today that it purchased a total of 100,029 of its ordinary shares in the period from May 20, 2024, up to and including May 24, 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 20, 2024	400	211.8250	ARCX
May 20, 2024	100	212.1300	XNAS
May 20, 2024	3,361	211.9181	XNYS
May 21, 2024	1,000	211.1200	ARCX
May 21, 2024	200	211.5400	CDRG
May 21, 2024	9	211.1600	EPRL
May 21, 2024	500	211.4880	HRTF
May 21, 2024	1,400	211.0380	XNAS
May 21, 2024	20,220	210.9598	XNYS
May 21, 2024	391	211.2049	XTXD
May 22, 2024	1,100	210.6464	ARCX
May 22, 2024	53	211.3170	BATS
May 22, 2024	33	211.2700	MEMX
May 22, 2024	1,814	210.4511	XNAS
May 22, 2024	26,249	210.2945	XNYS
May 23, 2024	880	207.5561	ARCX
May 23, 2024	38	207.2039	BATS
May 23, 2024	42	207.9900	BATY
May 23, 2024	857	207.1467	KNLI
May 23, 2024	23	207.1800	MEMX
May 23, 2024	1,305	207.8581	XNAS
May 23, 2024	29,530	207.8339	XNYS
May 24, 2024	400	207.9450	ARCX
May 24, 2024	100	209.1500	XNAS
May 24, 2024	10,024	208.1439	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 30,306,221.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 201,864,961. The figure of 201,864,961 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/20240529234363/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 Ferguson's share repurchase program?

Ferguson has a $3.0 billion share repurchase program aimed at returning value to shareholders.

How many shares did Ferguson repurchase between May 20, 2024, and May 24, 2024?

Ferguson repurchased 100,029 shares during this period.

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

The daily weighted average purchase prices ranged from $207.56 to $212.13.

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

Ferguson holds 30,306,221 shares in treasury post-repurchase.

What is the updated number of ordinary shares in issue for Ferguson?

The updated number of ordinary shares in issue is 201,864,961.