Ferguson plc ("Company")
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") IN ORDINARY SHARES OF 11227/563 EACH IN THE COMPANY ("Shares")
On 19 January 2019 share options which were granted in January 2016 under the Ferguson Group Long Term Incentive Plan 2015 ("LTIP") vested following satisfaction of the applicable performance conditions and became exercisable. Details of the options exercised and resulting sale of Shares on 21 January 2019 by John Martin, Group Chief Executive (PDMR and Executive Director) are set out in the table below.
| PDMR & Executive Director | No. of Shares under options exercised | Total no. of Shares sold |
| | | |
| J Martin | 30,870 | 14,560 |
Mr Martin sold sufficient Shares to satisfy only the tax/social security liabilities and associated dealing costs that arose on exercise. The Shares released were received for nil consideration. The price for the sale of the Shares was 5,337.14 pence per Share.
The LTIP was subject to a dividend equivalent accrual and as a result of the vesting, Mr Martin will receive a cash payment of £108,822.92 of the accrued dividend equivalents relating to the award.
In accordance with the Company's Shareholding Guidelines, Mr Martin will hold the remaining 16,310 Shares for a period of not less than two years.
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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.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | John Martin | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Group Chief Executive | ||||
| 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 exercise of nil cost share options granted in January 2016 under the Ferguson Group Long Term Incentive Plan 2015 | ||||
| c) | Price(s) and volume(s) |
GBP - British Pound | ||||
| d) | Aggregated information
- Aggregated volume
- Price |
Not applicable
£0.00 | ||||
| e) | Date of the transaction | 2019-01-21; 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 | John Martin | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Group Chief Executive | ||||
| 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 exercise of share options granted in January 2016 under the Ferguson Group Long Term Incentive Plan 2015 | ||||
| c) | Price(s) and volume(s) |
GBP - British Pound | ||||
| d) | Aggregated information
- Aggregated volume
- Price |
Not applicable
£777,087.58 | ||||
| e) | Date of the transaction | 2019-01-21; UTC time | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
Enquiries:
Graham Middlemiss, Group Company Secretary
(00 41 41 723 2230)
23 January 2019