Ferguson PLC Announces Transaction in Own Shares
Ferguson plc announced the purchase of 40,000 ordinary shares, valued at £120.20 each, on November 19, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021.
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Rhea-AI Summary
Ferguson plc announced the purchase of 40,000 ordinary shares, valued at £120.20 each, on November 19, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The shares will be held in Treasury, increasing the total Treasury shares to 10,895,503. Following this purchase, the total number of ordinary shares in circulation will be 221,275,679. This figure is crucial for shareholders to evaluate their interest under the Disclosure and Transparency Rules.
Positive
- Ferguson plc repurchased 40,000 shares at a price of £120.20, reflecting commitment to shareholder value.
- The ongoing share repurchase program supports potential stock price stability.
Negative
- None.
Details
News Market Reaction – FERG
The recorded move for FERG in the trading session of this news was +0.31%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WOKINGHAM, UK / ACCESSWIRE / November 22, 2021 / Ferguson plc (the "Company") announces that on November 19, 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: 40,000
Date of transaction: November 19, 2021
Price paid per share: £120.200000
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 10,895,503 Shares in Treasury.
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,275,679.
The figure of 221,275,679 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/0334T_1-2021-11-19.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/673976/Ferguson-PLC-Announces-Transaction-in-Own-Shares
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