Ferguson PLC Announces Transaction in Own Shares
Ferguson plc (NYSE:FERG) announced the purchase of 97,013 ordinary shares on October 3, 2022, as part of its $2.5 billion share repurchase program.
Rhea-AI Summary
Ferguson plc (NYSE:FERG) announced the purchase of 97,013 ordinary shares on October 3, 2022, as part of its $2.5 billion share repurchase program. The trades included 80,041 shares at a daily weighted average price of 9,346.3538 on the XLON trading venue, and an additional 16,972 shares at the same price on the BATE trading venue. Following these purchases, Ferguson holds 23,670,512 shares in treasury, reducing the total active shares to 208,500,670. This amount serves as a denominator for shareholders to assess their notification obligations under regulatory rules.
Positive
- Acquisition of 97,013 shares indicates strong commitment to return capital to shareholders.
- Share buyback could enhance earnings per share and support stock price.
- Continued execution of the $2.5 billion share repurchase program underlines confidence in company's valuation.
Negative
- None.
Details
News Market Reaction – FERG
In the trading session that priced this news, FERG gained 1.13%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WOKINGHAM, UK / ACCESSWIRE / October 10, 2022 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 97,013 of its ordinary shares in the period from October 3, 2022 up to and including October 3, 2022 in connection with its
Aggregated information about the purchases carried out during this period
Trading day | Aggregate daily volume (in number of shares) | Daily weighted average purchase price of the shares | Trading venue |
October 3, 2022 | 80,041 | 9,346.3538 | XLON |
October 3, 2022 | 16,972 | 9,346.3538 | BATE |
The Company intends to hold these shares in treasury. Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 23,670,512.
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 208,500,670. The figure of 208,500,670 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 Guidance 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, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases is attached to this announcement.
http://www.rns-pdf.londonstockexchange.com/rns/2442C_1-2022-10-7.pdf
For further information please contact:
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
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https://www.accesswire.com/719602/Ferguson-PLC-Announces-Transaction-in-Own-Shares
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