Ferguson PLC (FERG) has released an update.
Ferguson PLC has announced that due to an administrative error, there was an overallocation of conditional share awards to their Chief Digital and Information Officer, James Paisley, under two share plans. The error has been corrected by reducing the number of shares awarded to Paisley, and the revised awards will proceed on the same terms as previously announced. This incident highlights the importance of oversight in corporate share distribution activities.
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