Welcome to our dedicated page for Ferguson Enterprises news (Ticker: FERG), a resource for investors and traders seeking the latest updates and insights on Ferguson Enterprises stock.
Ferguson plc (formerly Wolseley plc) is a leading multinational distributor of plumbing and heating products, headquartered in Wokingham, England. With a strong presence in the United States, the company operates under the brand name Ferguson Enterprises in North America.
Ferguson primarily supplies products for plumbing, HVAC, and other building services, catering to markets like repair, maintenance, improvement, new construction, and civil infrastructure. It serves over 1 million customers and sources its extensive range of products from 37,000 suppliers.
The company engages its clientele through approximately 1,700 North American branches, telephone services, online platforms, and residential showrooms. In fiscal 2023, Ferguson reported nearly $30 billion in sales, with 95% of its revenue generated in the United States.
Recognized by Modern Distribution Management as North America's largest industrial and construction distributor, Ferguson has sold its UK business in 2021 to focus solely on the North American market.
Ferguson continues to achieve significant milestones and forge strategic partnerships, continuously enhancing its product offerings and market reach. The company's focus on customer-centric services and innovative solutions positions it as a key player in the industry.
Ferguson plc announced the repurchase of 26,061 ordinary shares for Treasury on February 18, 2022, as part of its $1 billion share buyback program initiated on September 28, 2021. The repurchased shares were acquired at a price of £111.735329 per share. Post-transaction, Ferguson holds a total of 13,212,179 shares in Treasury, reducing the number of ordinary shares in circulation to 218,959,003. This figure can be used for shareholder interest calculations under the Disclosure and Transparency Rules.
Ferguson plc announced the repurchase of 43,064 ordinary shares at £111.03 each on February 17, 2022, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The total shares held in Treasury now amount to 13,186,118, with 218,985,064 shares remaining in circulation post-repurchase. This transaction aims to enhance shareholder value by reducing the number of shares in circulation. Detailed information about the purchase is provided as required under the Market Abuse Regulation.
Ferguson plc has announced the repurchase of 37,254 ordinary shares on February 16, 2022, as part of its ongoing $1 billion share repurchase program initiated on September 28, 2021. The shares were bought at a price of £110.55 each. After this transaction, the total number of treasury shares held by the company is 13,143,642. Following the repurchase, there are 219,027,540 ordinary shares remaining in circulation. This move aims to enhance shareholder value and may impact future calculations regarding shareholder interests under Disclosure and Transparency Rules.
Ferguson plc announced the purchase of 9,377 ordinary shares on February 15, 2022, under its $1,000 million share repurchase program initiated on September 28, 2021. The shares were bought at a price of £110.68 each through J.P. Morgan Securities plc. Following this transaction, Ferguson holds a total of 13,106,388 shares in Treasury, leaving 219,064,794 ordinary shares in circulation. This information is relevant for shareholder interest notifications as outlined under the Disclosure and Transparency Rules.
Ferguson plc announced the repurchase of 93,077 ordinary shares on February 14, 2022, under its $1 billion share repurchase program initiated on September 28, 2021. The shares were bought at a price of £108.69 each, facilitated by J.P. Morgan Securities plc. With this transaction, the Company now holds 13,097,011 shares in Treasury, leaving 219,074,171 shares outstanding. This repurchase is aimed at enhancing shareholder value and adjusting the capital structure.
Ferguson plc announced the repurchase of 78,006 ordinary shares at £110.25 each on February 11, 2022, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The shares will be held in Treasury, increasing total Treasury shares to 13,003,934. Post-transaction, 219,167,248 ordinary shares remain in circulation, serving as the denominator for shareholder interest notifications under the Disclosure and Transparency Rules.
Ferguson plc announced the purchase of 43,269 ordinary shares at £112.25 each on February 10, 2022, under its $1 billion share repurchase program initiated on September 28, 2021. The company will hold these shares in Treasury, increasing total Treasury shares to 12,925,928. Following this purchase, the number of ordinary shares in issue is 219,245,254. This number is crucial for shareholders determining their notification obligations under the Disclosure and Transparency Rules.
Ferguson plc has reported the repurchase of 29,177 ordinary shares at a price of £112.25 per share on February 9, 2022. This transaction is part of its $1 billion share repurchase program initiated on September 28, 2021. Following this buyback, the total number of shares held in Treasury is 12,882,659, while the total remaining shares in issue stand at 219,288,523. This buyback may influence shareholder calculations under the Disclosure and Transparency Rules.
Ferguson plc has announced the repurchase of 57,934 ordinary shares at a price of £111.70 per share on February 8, 2022, as part of its $1,000 million share repurchase program commenced on September 28, 2021. The company now holds a total of 12,853,482 shares in treasury, with remaining shares in issue being 219,317,700. These treasury shares may affect shareholder notifications under the Disclosure and Transparency Rules.
Ferguson plc announced on February 8, 2022, the publication of a Circular and Notice of General Meeting, set for March 10, 2022, regarding its proposal to relocate its primary listing to the US. The transition will involve changing the listing category on the London Stock Exchange from a premium to a standard listing. Subject to shareholder approval, the transfer is anticipated on May 12, 2022. This relocation supports Ferguson's strategy as its operations focus entirely on North America. Further details are available on their website.
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