Ferguson Share Repurchase Program - Weekly Report
Ferguson plc (NYSE: FERG, LSE: FERG) announced the purchase of 50,193 of its ordinary shares from May 6 to May 10, 2024, as part of its $3.0 billion share repurchase program.
The company disclosed detailed aggregated information on the daily volumes and weighted average purchase prices across various trading venues, ranging from $218.1400 to $221.4900 per share.
Following this purchase, Ferguson now holds 30,069,400 shares in treasury, with 202,101,782 ordinary shares in issue.
This information is provided under the EU Market Abuse Regulation and is essential for shareholders to assess their notification obligations under the Disclosure Guidance and Transparency Rules.
- Successful repurchase of 50,193 shares within a week.
- Share prices ranged between $218.1400 to $221.4900, indicating a stable trading range.
- Current treasury holding increased to 30,069,400 shares.
- Remaining shares in issue are 202,101,782, which is important for shareholder calculations.
- Ongoing share repurchase may affect liquidity.
- High expenditure on share repurchase could impact cash reserves.
- Potential for reduced market confidence if share prices were to decrease significantly post-repurchase.
WOKINGHAM,
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 (USD) |
Trading Venue |
May 6, 2024 |
106 |
218.5174 |
ARCX |
May 6, 2024 |
94 |
218.1500 |
CDRG |
May 6, 2024 |
171 |
218.3300 |
HRTF |
May 6, 2024 |
500 |
218.1400 |
XNAS |
May 6, 2024 |
6,870 |
218.2929 |
XNYS |
May 7, 2024 |
800 |
219.3263 |
XNAS |
May 7, 2024 |
8,532 |
219.3518 |
XNYS |
May 8, 2024 |
456 |
219.1242 |
ARCX |
May 8, 2024 |
300 |
219.7600 |
KNLI |
May 8, 2024 |
700 |
219.2043 |
XNAS |
May 8, 2024 |
11,461 |
219.2511 |
XNYS |
May 9, 2024 |
300 |
220.2800 |
ARCX |
May 9, 2024 |
90 |
221.4900 |
BATY |
May 9, 2024 |
300 |
220.4867 |
KNLI |
May 9, 2024 |
200 |
220.7750 |
XNAS |
May 9, 2024 |
6,505 |
220.6868 |
XNYS |
May 10, 2024 |
501 |
221.1702 |
ARCX |
May 10, 2024 |
85 |
221.1400 |
XCIS |
May 10, 2024 |
940 |
221.0796 |
XNAS |
May 10, 2024 |
11,282 |
221.0863 |
XNYS |
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 30,069,400.
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 202,101,782. The figure of 202,101,782 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20240515721151/en/
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
Source: Ferguson plc
FAQ
What is the total number of shares Ferguson purchased between May 6 and May 10, 2024?
What is the share repurchase program amount for Ferguson plc?
What was the daily weighted average purchase price of Ferguson shares during the repurchase period?
How many shares does Ferguson now hold in treasury after the recent repurchase?