FERG Ferguson Plc

TIDMFERG

RNS Number : 7738N

Ferguson PLC

03 February 2021

February 3, 2021

FERGUSON PLC

Update on additional US listing

Ferguson is announcing today that further to the approval it received from shareholders on July 29, 2020, it is in the process of registering with the US Securities & Exchange Commission (SEC) under the Securities Exchange Act of 1934 to enable trading of its ordinary shares in the US ('Additional US Listing'). The Company anticipates that the Additional US Listing will become effective in early March 2021 and confirms that it has applied to list its ordinary shares on the New York Stock Exchange (the "NYSE"). Ferguson will retain its premium listing on the London Stock Exchange and inclusion in the FTSE 100 index and the Company's ordinary shares will trade on both exchanges under the ticker symbol: FERG.

As a result of the Additional US Listing, Ferguson's current American Depositary Receipt (ADR) program managed by J.P. Morgan Chase Bank, N.A. will be terminated. Existing Ferguson American Depositary Shares (ADSs) will be mandatorily cancelled and exchanged for Ferguson ordinary shares in accordance with the applicable ADR exchange ratio. Further information regarding this exchange process will be communicated separately to ADR holders by J.P. Morgan Chase.

A further announcement will be made once the Additional US Listing is effective.

For further information please contact

 
Ferguson plc 
Bill Brundage, Group Chief Financial 
 Officer                                            Tel:      +1 757 223 6092 
Mark Fearon, Director of Corporate Communications 
 and IR                                             Mobile:   +44 (0) 7711 875070 
Media Enquiries 
Mike Ward, Head of Corporate Communications         Mobile:   +44 (0) 7894 417060 
Nina Coad, David Litterick (Brunswick)              Tel:      +44 (0) 20 7404 5959 
 

About Ferguson

Ferguson plc is a leading value added distributor of plumbing and heating products to professional contractors operating in North America. Ongoing revenue for the year ended July 31, 2020 was $19.9 billion and ongoing underlying trading profit was $1.6 billion. Ferguson plc is listed on the London Stock Exchange (LSE: FERG) and is in the FTSE 100 index of listed companies. For more information, please visit www.fergusonplc.com or follow us on Twitter https://twitter.com/Ferguson_plc .

-ends-

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCFLFERFSIFIIL

(END) Dow Jones Newswires

February 03, 2021 02:00 ET (07:00 GMT)

Ferguson (LSE:FERG)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

Ferguson (LSE:FERG)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024