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Ferguson To Buy Back Up To GBP 450 Mln Of Shares

Ferguson plc (FERG.L) said that, in continuation of its $2 billion share repurchase program, it has entered into an irrevocable and non-discretionary arrangement with its broker Barclays Capital Securities Limited and Barclays Capital Inc. to buy back up to 450 million pounds of its shares commencing from April 13, 2022 and ending no later than June 23, 2022.

As per the arrangement, Barclays, an independent third party, will act as principal and will make decisions under the program independently from the Company.

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