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Ferguson Share Repurchase Program - Weekly Report

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Rhea-AI Summary

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.

Positive
  • 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.
Negative
  • 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, England--(BUSINESS WIRE)-- Ferguson plc (NYSE: FERG, LSE: FERG) (the “Company”) announces today that it purchased a total of 50,193 of its ordinary shares in the period from May 6, 2024, up to and including May 10, 2024, in connection with its $3.0 billion share repurchase program.

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 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 can be found at Ferguson - Investors - Shareholder Center - Share Buy-Back Details - 2024 Share Buy-Back.

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?

Ferguson purchased a total of 50,193 ordinary shares between May 6 and May 10, 2024.

What is the share repurchase program amount for Ferguson plc?

The share repurchase program amount for Ferguson plc is $3.0 billion.

What was the daily weighted average purchase price of Ferguson shares during the repurchase period?

The daily weighted average purchase price ranged from $218.1400 to $221.4900 per share.

How many shares does Ferguson now hold in treasury after the recent repurchase?

Ferguson now holds 30,069,400 shares in treasury following the recent repurchase.

What is the total number of Ferguson's ordinary shares remaining in issue after the repurchase?

The total number of Ferguson's ordinary shares remaining in issue is 202,101,782.

Ferguson Enterprises Inc.

NYSE:FERG

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39.48B
200.74M
2.43%
87.76%
1.35%
Industrial Distribution
Wholesale-hardware & Plumbing & Heating Equipment & Supplies
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United States of America
WOKINGHAM