Ferguson PLC Announces Transaction in Own Shares
Ferguson plc has announced the purchase of 47,241 ordinary shares at a price of £113.32 each as part of its $1 billion share repurchase program initiated on September 28, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
Ferguson plc has announced the purchase of 47,241 ordinary shares at a price of £113.32 each as part of its $1 billion share repurchase program initiated on September 28, 2021. This transaction took place on January 25, 2022. After this purchase, Ferguson holds a total of 12,358,875 shares in Treasury, reducing the number of ordinary shares in issue to 219,812,307. This figure will assist shareholders in determining their notification obligations under the Disclosure and Transparency Rules.
Positive
- Committed to a $1 billion share repurchase program.
- Reduces the number of ordinary shares in circulation, potentially increasing share value.
Negative
- None.
Details
News Market Reaction – FERG
The recorded move for FERG in the trading session of this news was +0.06%.
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 26, 2022 / Ferguson plc (the "Company") announces that on January 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: 47,241
Date of transaction: January 25, 2022
Price paid per share: £113.323928
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 12,358,875 Shares in Treasury.
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,812,307.
The figure of 219,812,307 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/6179Z_1-2022-1-25.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/685547/Ferguson-PLC-Announces-Transaction-in-Own-Shares
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