Ferguson PLC Announces Director/PDMR Shareholding

Rhea-AI Summary

Ferguson plc announced a transaction involving its Group Chief Executive Officer, Kevin Murphy, regarding the disposal of fractional ordinary shares. This occurred as a result of the mandatory exchange of ADSs to ordinary shares. The transaction was executed on March 9, 2021, at a price of $122.7915 per share, totaling 0.2 shares. The information is disclosed in compliance with the EU Market Abuse Regulation, reflecting transparency in managerial transactions and adherence to legal obligations.

Positive

• Transparency in managerial transactions enhances investor trust.
• Compliance with EU Market Abuse Regulation demonstrates regulatory adherence.

Negative

• None.

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

WOKINGHAM, UK / ACCESSWIRE / March 12, 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	Kevin Murphy
2	Reason for the notification
a)	Position/status	Group Chief Executive Officer
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) $122.7915 0.2 USD - United States Dollar
d)	Aggregated information - Aggregated volume - Price	N/A $24.56
e)	Date of the transaction	2021-03-09; UTC time
f)	Place of the transaction	New York Stock Exchange

Enquiries:

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

March 12, 2021

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/635134/Ferguson-PLC-Announces-DirectorPDMR-Shareholding

FAQ

What recent transaction did Ferguson (FERG) CEO Kevin Murphy execute?

Kevin Murphy disposed of fractional ordinary shares on March 9, 2021, due to the mandatory exchange of ADSs to ordinary shares.

What was the price per share for the transaction conducted by Ferguson's CEO?

The transaction was executed at a price of $122.7915 per share.

What does the recent share transaction by Ferguson's management signify?

The transaction shows compliance with EU Market Abuse Regulation and reflects the company's commitment to transparency.

When was the notification of the share transaction dated?

The notification was dated March 12, 2021.

Where was the transaction for Ferguson's shares conducted?

The transaction was conducted on the New York Stock Exchange.