TIDMFERG

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               Initial notification 
       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              Ordinary Shares of 10p each 
       financial instrument,           ISIN: JE00BJVNSS43 
       type of instrument 
       Identification code 
     ------------------------------  ------------------------------------------ 
 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) 
                                         GBP0.00     2,439 
                                                    ---------- 
                                        GBP - British Pound 
     ------------------------------  ------------------------------------------ 
 d)        Aggregated information      Not applicable 
                                        GBP0.00 
             *    Aggregated volume 
 
 
 
             *    Price 
     ------------------------------  ------------------------------------------ 
 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               Initial notification 
       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              Ordinary Shares of 10p each 
       financial instrument,           ISIN: JE00BJVNSS43 
       type of instrument 
       Identification code 
     ------------------------------  ------------------------------------------- 
 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) 
                                         GBP48.5456    1,151 
                                                      ---------- 
                                        GBP - British Pound 
     ------------------------------  ------------------------------------------- 
 d)        Aggregated information      Not applicable 
                                        GBP55,875.99 
             *    Aggregated volume 
 
 
 
             *    Price 
     ------------------------------  ------------------------------------------- 
 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               Initial notification 
       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              Ordinary Shares of 10p each 
       financial instrument,           ISIN: JE00BJVNSS43 
       type of instrument 
       Identification code 
     ------------------------------  ------------------------------------- 
 b)   Nature of the transaction       The transfer of shares to spouse for 
                                       nil consideration 
     ------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         GBP0.00     1,288 
                                                    ---------- 
                                        GBP - British Pound 
     ------------------------------  ------------------------------------- 
 d)        Aggregated information      Not applicable 
                                        GBP0.00 
             *    Aggregated volume 
 
 
 
             *    Price 
     ------------------------------  ------------------------------------- 
 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               Initial notification 
       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              Ordinary Shares of 10p each 
       financial instrument,           ISIN: JE00BJVNSS43 
       type of instrument 
       Identification code 
     ------------------------------  ------------------------------------------------ 
 b)   Nature of the transaction       The receipt of shares from spouse for 
                                       nil consideration 
     ------------------------------  ------------------------------------------------ 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         GBP0.00     1,288 
                                                    ---------- 
                                        GBP - British Pound 
     ------------------------------  ------------------------------------------------ 
 d)        Aggregated information      Not applicable 
                                        GBP0.00 
             *    Aggregated volume 
 
 
 
             *    Price 
     ------------------------------  ------------------------------------------------ 
 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

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