Ferguson plc (“Company”): Director/PDMR Shareholding

Rhea-AI Summary

On October 12, 2023, Ferguson plc announced share awards to James Paisley, the Chief Digital and Information Officer. Initially, Paisley was granted 9,931 shares under the Performance Ordinary Share Plan (POSP) and 2,128 shares under the Ordinary Share Plan (OSP). However, due to an administrative error, the awards were later adjusted to 9,595 POSP shares and 2,056 OSP shares. The adjustments were made in accordance with the EU Market Abuse Regulation and further details were provided in an announcement on October 17, 2023. The transactions were conducted outside a trading venue on June 10, 2024.

Positive

• James Paisley received substantial share awards under POSP and OSP, reflecting confidence in his contributions.
• Adjustments to share awards were promptly addressed, demonstrating strong governance and regulatory compliance.

Negative

• Administrative errors in the initial share awards indicate potential issues in internal controls.
• The need for adjustments may cause temporary uncertainty among investors regarding management efficiency.

WOKINGHAM, England--(BUSINESS WIRE)-- NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (“PDMRs”) IN ORDINARY SHARES OF 10p EACH IN THE COMPANY (“Shares”)

On October 12, 2023, the Company granted the following awards to James Paisley, Chief Digital and Information Officer and a PDMR, under the following plans:

Ferguson Group Performance Ordinary Share Plan 2019 ("POSP") and Ferguson Group Ordinary Share Plan 2019 ("OSP")

Awards were made as set out in the table below under the POSP and OSP:

PDMR	POSP conditional share award	OSP conditional share award
J Paisley	9,931	2,128

An administrative error resulted in too many Shares being awarded and, as such, the POSP conditional share award will be reduced to 9,595 Shares and the OSP conditional share award will be reduced to 2,056 Shares. The awards will then continue on the same terms set out in the announcement dated October 17, 2023 over the number of Shares set out in the table below:

PDMR	POSP conditional share award	OSP conditional share award
J Paisley	9,595	2,056

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	James Paisley
2	Reason for the notification
a)	Position/status	Chief Digital and Information 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	The cancellation of conditional shares awards under the POSP
c)	Price(s) and volume(s)	Price(s)     Volume(s) $0.00         336   USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $0.00
e)	Date of the transaction	2024-06-10; UTC time
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Paisley
2	Reason for the notification
a)	Position/status	Chief Digital and Information 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	The cancellation of conditional shares awards under the OSP
c)	Price(s) and volume(s)	Price(s)      Volume(s) $0.00          72   USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $0.00
e)	Date of the transaction	2024-06-10; UTC time
f)	Place of the transaction	Outside a Trading Venue

June 11, 2024

View source version on businesswire.com: https://www.businesswire.com/news/home/20240611431628/en/

Enquiries:

Kate McCormick, Company Secretary

Tel: +44 (0) 118 927 3827

Source: Ferguson plc

FAQ

What share awards were granted to James Paisley by Ferguson plc on October 12, 2023?

James Paisley was initially granted 9,931 shares under the POSP and 2,128 shares under the OSP.

Why were the share awards to James Paisley adjusted?

The share awards were adjusted due to an administrative error, reducing them to 9,595 POSP shares and 2,056 OSP shares.

When were the adjustments to James Paisley's share awards announced?

The adjustments were announced on October 17, 2023, following the initial grant on October 12, 2023.

Under what regulations were the adjustments to Ferguson plc's share awards made?

The adjustments were made in accordance with the EU Market Abuse Regulation.

When did the transactions regarding Ferguson plc's share awards take place?

The transactions took place on June 10, 2024, outside a trading venue.