Ferguson Share Repurchase Program - Weekly Report

Rhea-AI Summary

Ferguson plc announces the purchase of 77,162 of its ordinary shares as part of its $2.5 billion share repurchase program. The company intends to hold these shares in treasury, resulting in a total of 27,432,460 shares held. The remaining number of ordinary shares in issue will be 204,738,722.

Positive

• Ferguson plc purchased 77,162 shares as part of its share repurchase program, indicating confidence in the company's future. This could positively impact the stock price.

Negative

• No negative takes identified.

WOKINGHAM, England--(BUSINESS WIRE)-- Ferguson plc (NYSE: FERG, LSE: FERG) (the “Company”) announces today that it purchased a total of 77,162 of its ordinary shares in the period from May 29, 2023 up to and including June 02, 2023 in connection with its $2.5 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
May 29, 2023	-	-	-
May 30, 2023	19,967	119.500000	XLON
May 31, 2023	10,000	116.750000	XLON
June 01, 2023	35,000	115.800000	XLON
June 02, 2023	12,195	117.415188	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 27,432,460.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 204,738,722. The figure of 204,738,722 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/20230606005122/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 plc's share repurchase program?

Ferguson plc's share repurchase program involves buying back its own ordinary shares, indicating confidence in the company's future.

How many shares did Ferguson plc purchase?

Ferguson plc purchased 77,162 of its ordinary shares.

What will Ferguson plc do with the purchased shares?

Ferguson plc intends to hold the purchased shares in treasury.

How many shares will Ferguson plc hold in treasury after the purchase?

Ferguson plc will hold a total of 27,432,460 shares in treasury after the purchase.

What is the total number of ordinary shares in issue after the purchase?

The total number of ordinary shares in issue after the purchase will be 204,738,722.