Ferguson PLC (FERG) has released an update.
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Ferguson Enterprises Inc. has actively executed its $4.0 billion share repurchase program, acquiring 21,419 of its own common stock between August 1 and August 2, 2024. These repurchased shares will be held in treasury, reducing the total number of shares in issue to 201,321,834, a figure pertinent for shareholders in their mandatory reporting calculations. The company’s stock repurchase initiative reflects its commitment to shareholder value and strategic capital allocation.
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