Ferguson PLC Announces Transaction in Own Shares
Ferguson plc announced a share repurchase of 60,000 ordinary shares at £102.60 each on October 6, 2021, as part of its $1 billion share repurchase program initiated on September 28, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
Ferguson plc announced a share repurchase of 60,000 ordinary shares at £102.60 each on October 6, 2021, as part of its $1 billion share repurchase program initiated on September 28, 2021. This purchase brings the total shares held in treasury to 10,070,681, with 222,100,501 shares remaining in circulation. This transaction aligns with the company's strategy to enhance shareholder value. Details regarding the purchases comply with the EU Market Abuse Regulation, applicable in the UK.
Positive
- Initiated a $1 billion share repurchase program to enhance shareholder value.
- Repurchased 60,000 shares at a price of £102.60, demonstrating commitment to return capital to shareholders.
- Total shares held in treasury now stand at 10,070,681, indicating confidence in the company's stock.
Negative
- None.
Details
News Market Reaction – FERG
The recorded move for FERG in the trading session of this news was +0.19%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Transaction in own shares
WOKINGHAM, UK / ACCESSWIRE / October 7, 2021 / Ferguson plc (the "Company") announces that on October 06, 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: 60,000
Date of transaction: October 06, 2021
Price paid per share: £102.600538
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 10,070,681 Shares in Treasury.
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 222,100,501.
The figure of 222,100,501 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/2669O_1-2021-10-6.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/667126/Ferguson-PLC-Announces-Transaction-in-Own-Shares
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