Ferguson PLC Announces Director/PDMR Shareholding
By:
Ferguson PLC via
AccessWire
October 18, 2021 at 02:00 AM EDT
FERGUSON PLC ("Company") NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") IN ORDINARY SHARES OF 10p EACH IN THE COMPANY ("Shares") WOKINGHAM, UK / ACCESSWIRE / October 18, 2021 / On October 14, 2021 the Company granted the following awards to Executive Directors and/or PDMRs under the following plans: Ferguson Group Long Term Incentive Plan 2019 ("LTIP") Awards were made to two Executive Directors as set out in the table below:
Ferguson Group Performance Ordinary Share Plan 2019 ("POSP") and Ferguson Group Ordinary Share Plan 2019 ("OSP") Awards were made to ten PDMRs as set out in the table below under the POSP and OSP:
The awards were granted as conditional share awards. No consideration is payable at allocation or on vesting. The LTIP and POSP awards will only vest upon, normally, continued employment and the achievement of certain corporate performance conditions measured over a three year period. Full details of the relevant performance conditions for the LTIP award can be found in the Directors' Remuneration Report of the Company's Annual Report and Accounts 2021. The POSP award vesting is dependent on the achievement of adjusted operating profit growth performance conditions also tested over a three year period. Subject to, normally, continued employment and the meeting of the performance conditions, the LTIP and POSP conditional awards will vest on October 14, 2024. The OSP awards have no performance conditions and will normally vest, only subject to continued employment with the Company. 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.
Enquiries: Graham Middlemiss, Group Company Secretary October 18, 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/668479/Ferguson-PLC-Announces-DirectorPDMR-Shareholding More NewsView More
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