Ferguson PLC announces Director/PDMR Shareholding
On March 15, 2021, Ferguson plc reported notifications of share disposals by its managerial personnel due to the mandatory exchange of American Depository Shares (ADSs) for ordinary shares. Significant transactions included William Brundage, the Group CFO, and other key executives disposing of fractional share entitlements. Each transaction occurred on March 10, 2021, at prices around $120.62 per share on the New York Stock Exchange. This notification complies with the EU Market Abuse Regulation and pertains to ordinary shares of 10p each.
- Complies with EU Market Abuse Regulation demonstrating transparency.
- Key executives maintained substantial positions in the company.
- Fractional shares disposed of indicate possible dilution of stock value.
WOKINGHAM, UK / ACCESSWIRE / March 15, 2021 / Ferguson plc ("Company"):
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") IN ORDINARY SHARES OF 10p EACH IN THE COMPANY ("Shares")
Further to the notification made on March 11, 2021, this notification relates to PDMRs who have disposed of fractional ordinary shares as a result of the mandatory exchange of ADSs to ordinary shares.
The attached notifications, which have 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), 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 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) |
USD - United States Dollar | ||||
d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
e) | Date of the transaction | 2021-03-10; UTC time | ||||
f) | Place of the transaction | New York Stock Exchange | ||||
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) |
USD - United States Dollar | ||||
d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
e) | Date of the transaction | 2021-03-10; UTC time | ||||
f) | Place of the transaction | New York Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | James Cross | ||||
2 | Reason for the notification | |||||
a) | Position/status | Senior Vice President | ||||
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) |
USD - United States Dollar | ||||
d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
e) | Date of the transaction | 2021-03-10; UTC time | ||||
f) | Place of the transaction | New York Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Andrew Devine | ||||
2 | Reason for the notification | |||||
a) | Position/status | Senior Vice President of Sales | ||||
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) |
USD - United States Dollar | ||||
d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
e) | Date of the transaction | 2021-03-10; UTC time | ||||
f) | Place of the transaction | New York Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Alex Hutcherson | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Operating 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) |
USD - United States Dollar | ||||
d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
e) | Date of the transaction | 2021-03-10; UTC time | ||||
f) | Place of the transaction | New York Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | William Thees | ||||
2 | Reason for the notification | |||||
a) | Position/status | Senior Vice President, Business and National Accounts | ||||
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) |
USD - United States Dollar | ||||
d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
e) | Date of the transaction | 2021-03-10; UTC time | ||||
f) | Place of the transaction | New York Stock Exchange | ||||
Enquiries:
Graham Middlemiss, Group Company Secretary
(+44 (0) 118 927 3800)
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SOURCE: Ferguson PLC
View source version on accesswire.com:
https://www.accesswire.com/635490/Ferguson-PLC-announces-DirectorPDMR-Shareholding
FAQ
What did Ferguson plc announce on March 15, 2021?
Who is the CFO of Ferguson plc involved in recent share transactions?
What was the transaction price for the shares disposed of by Ferguson plc executives?
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