Director/PDMR Shareholding

RNS Number : 4174J
Ferguson PLC
29 March 2018
 

FERGUSON PLC ("Company")

 

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") IN ORDINARY SHARES OF 10 53/66p EACH IN THE COMPANY ("Shares")

 

 

Restricted Share Buy Out Award ("the Plan")

Following the vesting on 28 March 2018 of a conditional share award under the Plan which was granted in June 2017, Mr Powell, Executive Director and PDMR sold sufficient Shares to satisfy only the tax/social security liabilities and associated dealing costs that arose on exercise and retained the balance of Shares which were subsequently transferred to his spouse.

The table below shows the number of Shares received on vesting and the number of Shares sold on 28 March 2018. The shares released were received for nil consideration. The price for the sale of the Shares was 5,378 pence per Share. The remaining shares were transferred for nil consideration.

PDMR/Executive Director

No. of Shares received

Total no. of Shares sold




M Powell

14,026

6,616

 

 

The attached notifications, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Michael Powell

2

Reason for the notification

a)

Position/status

Group Chief Financial Officer

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson plc

b)

LEI

2138005UHP5J9Y2RM657

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares of 10 53/66p each

 

 

 

ISIN: JE00BFNWV485

b)

Nature of the transaction

The vesting of conditional shares granted in June 2017 under a Restricted Share Buy Out Award

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.00

14,026

 

GBP - British Pound

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

 

 

Not applicable

 

£0.00

e)

Date of the transaction

2018-03-28; UTC time

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Michael Powell

2

Reason for the notification

a)

Position/status

Group Chief Financial Officer

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson plc

b)

LEI

2138005UHP5J9Y2RM657

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares of 10 53/66p each

 

 

 

ISIN: JE00BFNWV485

b)

Nature of the transaction

A disposal of shares stemming from the vesting of conditional shares granted in June 2017 under a Restricted Share Buy Out Award

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£53.78

6,616

 

GBP - British Pound

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

 

 

Not applicable

 

£355,808.48

e)

Date of the transaction

2018-03-28; UTC time

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Michael Powell

2

Reason for the notification

a)

Position/status

Group Chief Financial Officer

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson plc

b)

LEI

2138005UHP5J9Y2RM657

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares of 10 53/66p each

 

 

ISIN: JE00BFNWV485

b)

Nature of the transaction

The transfer of shares to spouse for nil consideration

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.00

7,410

 

 

GBP - British Pound

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

 

 

Not applicable

 

£0.00

e)

Date of the transaction

2018-03-28; UTC time

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Kate Powell

2

Reason for the notification

a)

Position/status

This notification concerns a person closely associated with a person discharging managerial responsibilities. The relevant person discharging managerial responsibilities being Michael Powell, Group Chief Financial Officer

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson plc

b)

LEI

2138005UHP5J9Y2RM657

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares of 10 53/66p each

 

 

ISIN: JE00BFNWV485

b)

Nature of the transaction

The receipt of shares from spouse for nil consideration

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.00

7,410

 

 

GBP - British Pound

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

 

 

Not applicable

 

£0.00

e)

Date of the transaction

2018-03-28; UTC time

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

Enquiries:

 

Graham Middlemiss, Group Company Secretary

(00 41 41 723 2230)

 

29 March 2018


This information is provided by RNS
The company news service from the London Stock Exchange
 
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