Ferguson PLC Announces Director/PDMR Shareholding

Rhea-AI Summary

Ferguson plc announced a transaction involving Michael Brooks, the Chief Marketing Officer, USA, who disposed of fractional ordinary shares following a mandatory exchange of ADSs for ordinary shares. This transaction was reported in compliance with the EU Market Abuse Regulation. The shares were sold at a price of $125.7521 for a volume of 0.0721 shares on March 17, 2021. Details of the transaction, including the issuer's information, were disclosed in accordance with legal requirements.

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") IN ORDINARY SHARES OF 10p EACH IN THE COMPANY ("Shares")

WOKINGHAM, ENGLAND / ACCESSWIRE / March 22, 2021 / Further to the notification made on March 11, 2021, this notification relates to a PDMR who has disposed of fractional ordinary shares as a result of the mandatory exchange of ADSs to ordinary shares.

The attached notification, which has been made in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018), provides further detail.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Brooks
2	Reason for the notification
a)	Position/status	Chief Marketing Officer, USA
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	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 financial instrument, type of instrument Identification code	Ordinary Shares of 10p each ISIN: JE00BJVNSS43
b)	Nature of the transaction	Disposal of fractional share entitlement arising from automatic mandatory exchange of ADSs for ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) $125.7521 0.0721 USD - United States Dollar
d)	Aggregated information - Aggregated volume - Price	N/A $9.07
e)	Date of the transaction	2021-03-17; UTC time
f)	Place of the transaction	New York Stock Exchange

Enquiries:

Graham Middlemiss, Group Company Secretary
(+44 (0) 118 927 3800)

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.

SOURCE: Ferguson PLC

View source version on accesswire.com:
https://www.accesswire.com/636743/Ferguson-PLC-Announces-DirectorPDMR-Shareholding

FAQ

What was the recent share transaction by Ferguson plc on March 17, 2021?

On March 17, 2021, Ferguson plc's Chief Marketing Officer, Michael Brooks, disposed of fractional ordinary shares during a mandatory exchange of ADSs for ordinary shares, selling at $125.7521 for 0.0721 shares.

Who executed the transaction of fractional shares in Ferguson plc?

The transaction was executed by Michael Brooks, the Chief Marketing Officer for the USA at Ferguson plc.

What was the price per share for the transaction reported by Ferguson plc?

The price per share for the transaction on March 17, 2021, was $125.7521.

What regulations govern the recent insider transaction at Ferguson plc?

The recent insider transaction at Ferguson plc was made in accordance with the EU Market Abuse Regulation.