Ferguson PLC Announces Transaction in Own Shares
Ferguson plc (NYSE:FERG) announced the repurchase of 3,091 ordinary shares for Treasury on February 25, 2022, under its $1,000 million share repurchase program.
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 (NYSE:FERG) announced the repurchase of 3,091 ordinary shares for Treasury on February 25, 2022, under its $1,000 million share repurchase program. The shares were bought at a price of £113.39 each through J.P. Morgan Securities plc. After this transaction, the total number of shares held in Treasury is 13,467,647, with 218,703,535 ordinary shares remaining in issue. This information assists shareholders in determining their interest notifications under the Disclosure and Transparency Rules.
Positive
- The share repurchase reflects a commitment to returning capital to shareholders.
- The company has a substantial remaining buyback program of $1,000 million.
Negative
- None.
Details
News Market Reaction – FERG
The recorded move for FERG in the trading session of this news was -1.24%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WOKINGHAM, UK / ACCESSWIRE / February 28, 2022 / Ferguson plc (the "Company") (NYSE:FERG)(LSE:FERG) announces that on February 25, 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: 3,091
Date of transaction: February 25, 2022
Price paid per share: £113.391381
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 13,467,647 Shares in Treasury.
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 218,703,535.
The figure of 218,703,535 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/9297C_1-2022-2-25.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/690607/Ferguson-PLC-Announces-Transaction-in-Own-Shares
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