Ferguson PLC (FERG) has released an update.
Ferguson PLC has announced the acquisition of 77,542 of its own shares as part of its $4.0 billion share repurchase program, a common strategy companies use to return value to shareholders. These shares will be held in treasury, and following the purchase, the total number of shares in treasury will be 30,711,657, leaving 201,459,525 ordinary shares in issue. Shareholders and interested parties can use this latest figure as a basis for calculating changes in ownership stakes.
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