Director/PDMR Shareholding

RNS Number : 5577I

Ferguson PLC

02 April 2020

 

FERGUSON PLC

Notification of Transactions by Person Discharging Managerial Responsibilities

On 1 April 2020, the Restricted Share Buy Out Award ("RSBO") granted to Mike Powell upon joining Ferguson plc in June 2017 vested in accordance with its expected vesting timeline.  The RSBO was granted as a buyout of awards from his previous employer that Mr Powell forfeited on agreeing to join Ferguson plc and so had no performance conditions. 

Upon vesting Mr Powell sold sufficient shares to satisfy only the tax/social security liabilities and associated dealing costs that arose on vesting.  Mr Powell transferred the balance of the shares to his spouse for nil consideration.

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	213800DU1LGY3R2S2X42
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 10p each ISIN: JE00BJVNSS43
b)	Nature of the transaction	The vesting of conditional shares granted in June 2017 under the Restricted Share Buy Out Award
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00 2,439 GBP - British Pound
d)	Aggregated information -  Aggregated volume -  Price	Not applicable £0.00
e)	Date of the transaction	2020-04-01; 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	213800DU1LGY3R2S2X42
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 10p each ISIN: JE00BJVNSS43
b)	Nature of the transaction	The disposal of shares stemming from the vesting of conditional shares granted in June 2017 under the Restricted Share Buy Out Award
c)	Price(s) and volume(s)	Price(s) Volume(s) £48.5456 1,151 GBP - British Pound
d)	Aggregated information -  Aggregated volume -  Price	Not applicable £55,875.99
e)	Date of the transaction	2020-04-01; 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	213800DU1LGY3R2S2X42
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 10p each ISIN: JE00BJVNSS43
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 1,288 GBP - British Pound
d)	Aggregated information -  Aggregated volume -  Price	Not applicable £0.00
e)	Date of the transaction	2020-04-01; 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	213800DU1LGY3R2S2X42
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 10p each ISIN: JE00BJVNSS43
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 1,288 GBP - British Pound
d)	Aggregated information -  Aggregated volume -  Price	Not applicable £0.00
e)	Date of the transaction	2020-04-01; UTC time
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

Enquiries:

Graham Middlemiss, Group Company Secretary

(0118 927 3800)

2 April 2020 

 

END

 

 

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