Ferguson PLC Announces Transaction in Own Shares
Ferguson plc has announced a share repurchase of 71,488 ordinary shares at a price of £114.45 each on February 3, 2022, as part of its $1 billion buyback program initiated on September 28, 2021.
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Rhea-AI Summary
Ferguson plc has announced a share repurchase of 71,488 ordinary shares at a price of £114.45 each on February 3, 2022, as part of its $1 billion buyback program initiated on September 28, 2021. This brings the total number of shares held in treasury to 12,657,816, with 219,513,366 shares remaining in issue. Shareholders can utilize this figure for their interest calculations. The buyback aims to enhance shareholder value and reflects the company's financial strategy.
Positive
- Share repurchase of 71,488 shares indicates strong financial health.
- Total treasury shares increased to 12,657,816, signaling confidence in long-term value.
Negative
- None.
Details
News Market Reaction – FERG
The recorded move for FERG in the trading session of this news was -3.46%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WOKINGHAM, UK / ACCESSWIRE / February 4, 2022 / Ferguson plc (the "Company") announces that on February 3, 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: 71,488
Date of transaction: February 3, 2022
Price paid per share: £114.450000
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 12,657,816 Shares in Treasury.
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,513,366.
The figure of 219,513,366 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/6702A_1-2022-2-3.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/687255/Ferguson-PLC-Announces-Transaction-in-Own-Shares
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