Ferguson PLC Director/PDMR Shareholding (9031N)
23 January 2019 - 10:22PM
UK Regulatory
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
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END
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