Ferguson Enterprises Stock Price, News & Analysis

Ferguson plc announced the repurchase of 82,177 ordinary shares at a price of £102.05 each on April 25, 2022, as part of its £2 billion share repurchase program. The company now holds a total of 15,679,002 shares in treasury. Following this transaction, the remaining ordinary shares in circulation will be 216,492,180. This number is essential for shareholders to determine their reporting obligations under the Disclosure and Transparency Rules. Full details regarding the repurchase are available in the attached announcement.

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.

Ferguson PLC successfully closed a $1.0 billion bond offering on April 20, 2022. This includes $300 million in 4.25% notes due in 2027 and $700 million in 4.65% notes due in 2032. The proceeds will be utilized for general corporate purposes, including debt repayment. CFO Bill Brundage highlighted the offering as a sign of investor confidence in Ferguson’s business model and cash generation capabilities. Ferguson operates as a leading North American distributor across various sectors, with a market valuation of $23 billion.

Ferguson PLC has declared an interim dividend of US$0.84 per share, set to be paid on May 6, 2022. Shareholders had until April 8, 2022 to elect to receive dividends in GBP instead of USD. The dividend amount converts to 64.46 pence per share based on an exchange rate of 1.3031 GBP/USD. Shareholders on the register as of March 25, 2022 at 8:00 PM ET will be eligible for this payment.

Ferguson plc announced the repurchase of 80,000 ordinary shares for Treasury on April 19, 2022, as part of its $2 billion share repurchase program.

The shares were purchased at a price of £102.206628 each, through Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 15,564,280 shares in Treasury, with 216,606,902 ordinary shares remaining in circulation.

This repurchase is a strategic move to manage the company’s capital structure and enhance shareholder value.

Ferguson plc announced the repurchase of 90,000 ordinary shares as part of its $2 billion share repurchase program on April 14, 2022. Each share was purchased at a price of £99.70743, executed through Barclays Capital Securities Limited. The total number of shares held in Treasury now amounts to 15,484,280, while the remaining shares in issue are 216,686,902. This transaction will aid shareholders in calculating their interests under the Disclosure and Transparency Rules.

Ferguson plc has announced transactions involving Victoria Morrissey, its Chief Marketing Officer, regarding the vesting and disposal of ordinary shares. On April 12, 2022, Morrissey vested 1,345 shares at a price of £0.00, representing conditional shares granted in June 2021 under the Ferguson Group Performance Ordinary Share Plan 2019. Additionally, 600 shares were disposed of at £97.30 each, totaling £58,380. Another transaction involved the vesting of 572 shares, with a subsequent disposal of 255 shares at the same price per share. This notification complies with the EU Market Abuse Regulation.

Ferguson plc announced on April 13, 2022, the repurchase of 140,000 ordinary shares at £97.741342 each as part of its $2 billion share repurchase program. Following this buyback, the company now holds 15,395,299 shares in Treasury, with a total of 216,775,883 ordinary shares remaining in circulation. This transaction is significant for shareholders as it impacts the calculation of their interests under the Disclosure and Transparency Rules. The shares will be retained in Treasury and the transaction was executed through Barclays Capital Securities Limited.

Ferguson plc has initiated a £450 million share buyback program as part of its ongoing $2 billion repurchase initiative. The program, in collaboration with Barclays, will run from April 13, 2022 to June 23, 2022. This action is aimed at reducing the company’s capital and managing shares for employee awards. The company holds authorization to purchase up to 22,186,462 shares, with plans to seek further shareholder approval in late 2022 if the program remains open. The shares will be acquired on the London and New York Stock Exchanges.