Ferguson PLC Announces Transaction in Own Shares
Ferguson plc announced the repurchase of 40,000 ordinary shares at a price of £103.44 each on October 7, 2021, as part of its ongoing $1,000 million share repurchase program initiated on September 28, 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 the repurchase of 40,000 ordinary shares at a price of £103.44 each on October 7, 2021, as part of its ongoing $1,000 million share repurchase program initiated on September 28, 2021. The shares will be held in Treasury, bringing the total number of shares in Treasury to 10,110,681. Following this transaction, the total number of ordinary shares in issue will be 222,060,501, which shareholders can use to determine their disclosure obligations under the relevant rules.
Positive
- Share repurchase demonstrates confidence in company's financial health.
- Total shares in Treasury increased, which may enhance shareholder value.
Negative
- None.
Details
News Market Reaction – FERG
The recorded move for FERG in the trading session of this news was +0.88%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WOKINGHAM, UK / ACCESSWIRE / October 8, 2021 / Ferguson plc (the "Company") announces that on October 07, 2021 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: 40,000
Date of transaction: October 07, 2021
Price paid per share: £103.444693
Broker: Barclays Capital Securities Limited
The Company intends to hold these Shares in Treasury.
Including Shares which have been purchased but not yet settled, the Company holds 10,110,681 Shares in Treasury.
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,060,501.
The figure of 222,060,501 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/4234O_1-2021-10-7.pdf
For further information, please contact:
Ferguson plc
Bill Brundage, Chief Financial Officer | +1 757 223 6092 |
Brian Lantz, Vice President IR and Communications | +1 224 285 2410 |
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/667322/Ferguson-PLC-Announces-Transaction-in-Own-Shares
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.