Ferguson PLC Announces Transaction in Own Shares
Ferguson plc announced a share repurchase on January 24, 2022, under its $1,000 million program initiated in September 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Ferguson plc announced a share repurchase on January 24, 2022, under its $1,000 million program initiated in September 2021. The company bought back 66,539 ordinary shares at a price of £113.55 each, bringing total shares held in treasury to 12,311,634. Following this transaction, 219,859,548 shares remain in circulation. This share repurchase is part of a strategy to enhance shareholder value by reducing the number of shares outstanding, which could positively affect earnings per share.
Positive
- Share repurchase program of $1,000 million enhances shareholder value.
- Purchase of shares reduces the number of outstanding shares, potentially boosting earnings per share.
Negative
- None.
Details
News Market Reaction – FERG
The recorded move for FERG in the trading session of this news was -0.25%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Transaction in own shares
WOKINGHAM, UK / ACCESSWIRE / January 25, 2022 / Ferguson plc (the "Company") announces that on January 24, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its
Description of shares: Ferguson plc - ordinary shares of 10 pence
Number of shares repurchased: 66,539
Date of transaction: January 24, 2022
Price paid per share: £113.550000
Broker: J.P. Morgan Securities plc
The Company intends to hold these Shares in Treasury.
Including Shares which have been purchased but not yet settled, the Company holds 12,311,634 Shares in Treasury.
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,859,548.
The figure of 219,859,548 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 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, detailed information about the individual purchases is attached to this announcement.
http://www.rns-pdf.londonstockexchange.com/rns/4398Z_1-2022-1-24.pdf
For further information, please contact:
Ferguson plc
Brian Lantz, Vice President IR and Communications | +1 224 285 2410 |
Pete Kennedy, Director of Investor Relations | +1 757 603 0111 |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Ferguson PLC
View source version on accesswire.com:
https://www.accesswire.com/685292/Ferguson-PLC-Announces-Transaction-in-Own-Shares
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