Ferguson plc (NYSE: FERG, LSE: FERG) announced on May 12, 2022 that its primary listing is now on the New York Stock Exchange (“NYSE”). This follows the transfer of the Company’s listing category on the Official List of the Financial Conduct Authority from “Premium Listing (commercial company)” to “Standard Listing (shares)” as of 0800hrs GMT/0300hrs ET May 12, 2022. Ferguson’s shares remain eligible for and continue to trade on the Main Market of the London Stock Exchange as a Standard Listing segment issuer.
The announcement follows the passing of the relevant resolution by shareholders at the General Meeting held on March 10, 2022. Geoff Drabble, Ferguson Chairman, said: “With 100% of our operations today in North America, we now have the right listing structure for Ferguson as it continues to grow. On behalf of the Board, I’d like to thank our associates, customers and investors for their support, and we look forward to the significant opportunities ahead.”
“We are excited to achieve this key milestone as our listing structure is now fully aligned with our operations and location of our team,” said Kevin Murphy, Ferguson CEO.
“We continue to outgrow our balanced and supportive end markets as we strive to make our customers’ complex projects simple, successful and sustainable. This growth is driven by the strength of our associates, the scale of our supply chain and our digital capabilities—as well as our strong balance sheet that allows us to invest in our business, make acquisitions and return capital to shareholders. Having a primary listing location aligned with our growth opportunities should enable us to create significant value for the foreseeable future,” added Murphy.
For more information, read the full announcement. To commemorate the listing change, watch Ferguson ring the opening bell of the NYSE.