Ferguson PLC Announces Transaction in Own Shares
Ferguson plc has announced the repurchase of 32,851 ordinary shares at a price of £105.40 per share as part of its $2 billion share buyback program on April 22, 2022.
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Rhea-AI Summary
Ferguson plc has announced the repurchase of 32,851 ordinary shares at a price of £105.40 per share as part of its $2 billion share buyback program on April 22, 2022. The total shares held in treasury is now 15,596,825, while the remaining shares in issue stand at 216,574,357. This transaction will aid shareholders in calculating their interests under the Disclosure and Transparency Rules. Further details on individual purchases are outlined in the attached announcement.
Positive
- Share buyback reinforces confidence in the company's financial stability and future performance.
- Reduction in the number of shares in circulation can potentially increase earnings per share.
Negative
- None.
Details
News Market Reaction – FERG
The recorded move for FERG in the trading session of this news was -2.26%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WOKINGHAM, UK / ACCESSWIRE / April 25, 2022 / Ferguson plc (the "Company") announces that on April 22, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each in connection with its
Description of shares: Ferguson plc - ordinary shares of 10 pence
Number of shares repurchased: 32,851
Date of transaction: April 22, 2022
Price paid per share: £105.4000
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 15,596,825 Shares in Treasury.
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 216,574,357.
The figure of 216,574,357 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/1174J_1-2022-4-22.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/698581/Ferguson-PLC-Announces-Transaction-in-Own-Shares
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