TIDMFERG

RNS Number : 6084A

Ferguson PLC

30 September 2020

FERGUSON PLC

Notification of Transactions by Person Discharging Managerial Responsibilities

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.

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.

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.

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 exercise of nil cost options granted 
                                       in October 2017 under the Deferred 
                                       Bonus Plan. 
     ------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         GBP0.00     284 
                                                    ---------- 
                                        GBP - British Pound 
     ------------------------------  ----------------------------------------- 
 d)        Aggregated information      Not applicable 
                                        GBP0.00 
             *    Aggregated volume 
 
 
 
             *    Price 
     ------------------------------  ----------------------------------------- 
 e)   Date of the transaction         2020-09-29; 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 exercise of nil cost options granted 
                                       in October 2017 under the Deferred 
                                       Bonus Plan. 
     ------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)            Price(s)     Volume(s) 
                                         GBP77.603    134 
                                                     ---------- 
                                        GBP - British Pound 
     ------------------------------  ------------------------------------------ 
 d)        Aggregated information      Not applicable 
                                        GBP10,398.80 
             *    Aggregated volume 
 
 
 
             *    Price 
     ------------------------------  ------------------------------------------ 
 e)   Date of the transaction         2020-09-29; 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     150 
                                                    ---------- 
                                        GBP - British Pound 
     ------------------------------  ------------------------------------- 
 d)        Aggregated information      Not applicable 
                                        GBP0.00 
             *    Aggregated volume 
 
 
 
             *    Price 
     ------------------------------  ------------------------------------- 
 e)   Date of the transaction         2020-09-29; 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     150 
                                                    ---------- 
                                        GBP - British Pound 
     ------------------------------  ------------------------------------------------ 
 d)        Aggregated information      Not applicable 
                                        GBP0.00 
             *    Aggregated volume 
 
 
 
             *    Price 
     ------------------------------  ------------------------------------------------ 
 e)   Date of the transaction         2020-09-29; UTC time 
     ------------------------------  ------------------------------------------------ 
 f)   Place of the transaction        London Stock Exchange, Main Market 
                                       (XLON) 
     ------------------------------  ------------------------------------------------ 
 

Enquiries:

Graham Middlemiss, Group Company Secretary

(0118 927 3800)

30 September 2020

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September 30, 2020 07:00 ET (11:00 GMT)

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