FERGUSON PLC ("Company")
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") IN ORDINARY SHARES OF 11227/563 p EACH IN THE COMPANY ("Shares")
Restricted Share Buy Out Award ("the Plan")
Following the vesting on 27 March 2019 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 27 March 2019. The shares released were received for nil consideration. The price for the sale of the Shares was 4,876 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 | 5,695 | 2,687 |
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 11 227/563p each
ISIN: JE00BFYFZP55 | ||||
| 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) |
GBP - British Pound | ||||
| d) | Aggregated information
- Aggregated volume
- Price |
Not applicable
£0.00 | ||||
| e) | Date of the transaction | 2019-03-27; 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 11 227/563p each
ISIN: JE00BFYFZP55 | ||||
| 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) |
GBP - British Pound | ||||
| d) | Aggregated information
- Aggregated volume
- Price |
Not applicable
£131,018.12 | ||||
| e) | Date of the transaction | 2019-03-27; 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 11 227/563p each
ISIN: JE00BFYFZP55 | ||||
| b) | Nature of the transaction | The transfer of shares to spouse for nil consideration | ||||
| c) | Price(s) and volume(s) |
GBP - British Pound | ||||
| d) | Aggregated information
- Aggregated volume
- Price |
Not applicable
£0.00 | ||||
| e) | Date of the transaction | 2019-03-27; 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 11 227/563p each
ISIN: JE00BFYFZP55 | ||||
| b) | Nature of the transaction | The receipt of shares from spouse for nil consideration | ||||
| c) | Price(s) and volume(s) |
GBP - British Pound | ||||
| d) | Aggregated information
- Aggregated volume
- Price |
Not applicable
£0.00 | ||||
| e) | Date of the transaction | 2019-03-27; 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 2019