Ferguson Share Repurchase Program - Weekly Report

Rhea-AI Summary

Ferguson plc (NYSE: FERG, LSE: FERG) Announces Purchase of 43,846 Ordinary Shares for $3.0 Billion Share Repurchase Program

Positive

• Ferguson plc is actively implementing its $3.0 billion share repurchase program, signaling confidence in its financial position and commitment to returning value to shareholders.

Negative

• None.

WOKINGHAM, England--(BUSINESS WIRE)-- Ferguson plc (NYSE: FERG, LSE: FERG) (the “Company”) announces today that it purchased a total of 43,846 of its ordinary shares in the period from July 10, 2023, up to and including July 14, 2023, 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	Trading venue
July 10, 2023	8,418	120.500000	XLON
July 11, 2023	24,193	121.351546	XLON
July 13, 2023	2,201	123.300000	XLON
July 14, 2023	9,034	123.150000	XLON

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 27,790,357.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 204,380,825. The figure of 204,380,825 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 - 2023 Share Buy-Back.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230718310173/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 company name and ticker symbol mentioned in the press release?

The company mentioned is Ferguson plc, with ticker symbols NYSE: FERG and LSE: FERG.

How many ordinary shares did Ferguson plc purchase and for what purpose?

Ferguson plc purchased 43,846 of its ordinary shares as part of its $3.0 billion share repurchase program, demonstrating a commitment to returning value to shareholders.

What was the timeframe for the share purchase mentioned in the press release?

The share purchase occurred between July 10, 2023, and July 14, 2023.

What does the share repurchase program indicate about Ferguson plc's financial position?

The share repurchase program suggests confidence in Ferguson plc's financial position and a commitment to returning value to shareholders.