Ferguson PLC Announces Transaction in Own Shares
Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 23,419 ordinary shares at a price of £109.975740 each on March 16, 2022.
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Rhea-AI Summary
Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 23,419 ordinary shares at a price of £109.975740 each on March 16, 2022. This action is part of the company's $1 billion share repurchase program initiated on September 28, 2021. Following this transaction, Ferguson plc will hold a total of 14,190,675 shares in Treasury, with the total number of ordinary shares in issue now being 217,980,507. This repurchase may influence shareholder interests and transparency disclosures.
Positive
- Completion of share repurchase under the $1 billion program indicates strong financial health.
- Total shares held in Treasury increased to 14,190,675, potentially enhancing shareholder value.
Negative
- None.
Details
News Market Reaction – FERG
The recorded move for FERG in the trading session of this news was +1.14%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WOKINGHAM, UK / ACCESSWIRE / March 17, 2022 / Ferguson plc (the "Company") (LSE:FERG)(NYSE:FERG) announces that on March 16, 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: 23,419
Date of transaction: March 16, 2022
Price paid per share: £109.975740
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 14,190,675 Shares in Treasury.
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 217,980,507.
The figure of 217,980,507 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/0424F_1-2022-3-16.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/693462/Ferguson-PLC-Announces-Transaction-in-Own-Shares
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