Ferguson PLC Director/PDMR Shareholding (9031N)

TIDMFERG

RNS Number : 9031N

Ferguson PLC

23 January 2019

Ferguson plc ("Company")

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") IN ORDINARY SHARES OF 11(227/563) 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   Total no. of Shares 
                                       exercised                    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 GBP108,822.92 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.

----------------------------------------------------------------

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               Ordinary Shares of 11 227/563p each 
       financial instrument,            ISIN: JE00BFYFZP55 
       type of instrument 
       Identification code 
     -------------------------------  -------------------------------------------- 
 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)             Price(s)    Volume(s) 
                                          GBP0.00     30,870 
                                                     ---------- 
                                         GBP - British Pound 
     -------------------------------  -------------------------------------------- 
 d)        Aggregated information       Not applicable 
                                         GBP0.00 
             *    Aggregated volume 
 
 
 
             *    Price 
     -------------------------------  -------------------------------------------- 
 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               Ordinary Shares of 11 227/563p each 
       financial instrument,            ISIN: JE00BFYFZP55 
       type of instrument 
       Identification code 
     -------------------------------  ------------------------------------------ 
 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)             Price(s)      Volume(s) 
                                          GBP53.3714    14,560 
                                                       ---------- 
                                         GBP - British Pound 
     -------------------------------  ------------------------------------------ 
 d)        Aggregated information       Not applicable 
                                         GBP777,087.58 
             *    Aggregated volume 
 
 
 
             *    Price 
     -------------------------------  ------------------------------------------ 
 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

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 [e-mail] or visit www.rns.com.

END

DSHPGUUPGUPBGGW

(END) Dow Jones Newswires

January 23, 2019 06:22 ET (11:22 GMT)