Ferguson plc Announces Purchase of Shares as Part of Share Repurchase Program

Ferguson plc, a leading global distributor of plumbing and heating products, has recently made a significant move in its share repurchase program. The company has announced the purchase of 13,779 of its ordinary shares between September 25, 2023, and September 26, 2023. These purchases were made as part of Ferguson’s $3.0 billion share repurchase program.

During this period, the shares were acquired at a daily weighted average purchase price of $123.015119. The purchases were carried out on various trading venues, including BATE, CHIX, and XLON. The company intends to hold these shares in treasury, bringing the total number of shares held by Ferguson in treasury to 28,307,378.

Following the completion of these share purchases, the remaining number of ordinary shares in circulation will be 203,863,804. Shareholders and other parties with notification obligations can use this figure as the denominator for calculating their interest in or changes to their interest in Ferguson under the Disclosure Guidance and Transparency Rules.

It is important to note that detailed information about the individual purchases can be found on Ferguson’s website under the Share Buy-Back Details section.

Ferguson plc continues to demonstrate its commitment to enhancing shareholder value through its share repurchase program. With these recent acquisitions, the company aims to optimize its capital structure and strengthen its position in the market.

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