TIDMFERG

RNS Number : 1161E

Ferguson PLC

03 November 2020

FERGUSON PLC ("Company")

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")

Ferguson Group Long Term Incentive Plan 2019 ("LTIP")

On 2 November 2020 the Company granted an award to one Executive Director as set out in the table below:

 
 Executive Director    Conditional share awards 
 W Brundage                     14,329 
 

The award was granted as conditional share award. No consideration is payable at allocation or on vesting.

The LTIP award will only vest upon, normally, continued employment and the achievement of certain corporate performance conditions measured over a three year period. Full details of the relevant performance conditions for the LTIP award can be found in the Directors' Remuneration Report of the Company's Annual Report and Accounts 2020. Subject to, normally, continued employment and the meeting of the performance conditions, the LTIP conditional award will vest on 2 November 2023.

The attached notifications, which have been made in accordance with the requirements of the EU Market Abuse Regulations, provide further detail.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                            William Brundage 
     ------------------------------  ---------------------------------------- 
 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 grant of conditional shares under 
                                       the Ferguson Group Long Term Incentive 
                                       Plan 2019 
     ------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         GBP0.00     14,329 
                                                    ---------- 
                                        GBP - British Pound 
     ------------------------------  ---------------------------------------- 
 d)        Aggregated information      Not applicable 
             *    Aggregated volume     GBP0.00 
 
 
 
             *    Price 
     ------------------------------  ---------------------------------------- 
 e)   Date of the transaction         2020-11-02; UTC time 
     ------------------------------  ---------------------------------------- 
 f)   Place of the transaction        London Stock Exchange, Main Market 
                                       (XLON) 
     ------------------------------  ---------------------------------------- 
 

Enquiries:

Graham Middlemiss, Group Company Secretary

(0118 927 3800)

3 November 2020

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END

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(END) Dow Jones Newswires

November 03, 2020 07:00 ET (12:00 GMT)

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