Ferguson PLC Announces Transaction in Own Shares
Ferguson plc announced the repurchase of 26,061 ordinary shares for Treasury on February 18, 2022, as part of its $1 billion share buyback program initiated on September 28, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
Ferguson plc announced the repurchase of 26,061 ordinary shares for Treasury on February 18, 2022, as part of its $1 billion share buyback program initiated on September 28, 2021. The repurchased shares were acquired at a price of £111.735329 per share. Post-transaction, Ferguson holds a total of 13,212,179 shares in Treasury, reducing the number of ordinary shares in circulation to 218,959,003. This figure can be used for shareholder interest calculations under the Disclosure and Transparency Rules.
Positive
- Conducted a share buyback of 26,061 shares, reflecting confidence in stock value and financial health.
- Successfully acquired shares at a planned price, demonstrating effective execution of the buyback program.
Negative
- None.
Details
News Market Reaction – FERG
The recorded move for FERG in the trading session of this news was -0.82%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WOKINGHAM, UK / ACCESSWIRE / February 21, 2022 / Ferguson plc (the "Company") announces that on February 18, 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: 26,061
Date of transaction: February 18, 2022
Price paid per share: £111.735329
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 13,212,179 Shares in Treasury.
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 218,959,003.
The figure of 218,959,003 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/1907C_1-2022-2-18.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/689613/Ferguson-PLC-Announces-Transaction-in-Own-Shares
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