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 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHUPUCWCUPUUMP

Companies

Ferguson (FERG)
UK 100

Latest directors dealings