FERGUSON PLC
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Notification of Transactions by Person Discharging Managerial Responsibilities
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On 1 August 2020, the Deferred Bonus Plan Award ("DBP") granted to Mike Powell on 30 October 2017 vested but did not become exercisable due to the restrictions imposed by the Company's close period. Following the release of the Company's full year results for the year ended 31 July 2020, the award became exercisable and Mr Powell exercised his award on 29 September 2020.
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Upon exercise 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.
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The DBP was subject to a dividend equivalent accrual and as a result of the vesting, Mr Powell will receive a cash payment of the accrued dividend equivalents relating to his award.
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The attached notifications, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
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| 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 exercise of nil cost options granted in October 2017 under the Deferred Bonus Plan. | ||||
| c) | Price(s) and volume(s) | �
� GBP - British Pound | ||||
| d) | Aggregated information � -����� Aggregated volume � -����� Price | � � Not applicable � �0.00 | ||||
| e) | Date of the transaction | 2020-09-29; UTC time | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
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| 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 exercise of nil cost options granted in October 2017 under the Deferred Bonus Plan. | ||||
| c) | Price(s) and volume(s) | �
� GBP - British Pound | ||||
| d) | Aggregated information � -����� Aggregated volume � -����� Price | � � Not applicable � �10,398.80 | ||||
| e) | Date of the transaction | 2020-09-29; UTC time | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
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| 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) | �
� GBP - British Pound | ||||
| d) | Aggregated information � -����� Aggregated volume � -����� Price | � � Not applicable � �0.00 | ||||
| e) | Date of the transaction | 2020-09-29; UTC time | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
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| 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) | �
� GBP - British Pound | ||||
| d) | Aggregated information � -����� Aggregated volume � -����� Price | � � Not applicable � �0.00 | ||||
| e) | Date of the transaction | 2020-09-29; UTC time | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
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Enquiries:
Graham Middlemiss, Group Company Secretary
(0118 927 3800)
30 September 2020�