Ferguson PLC now announces its main listing on the New York Stock Exchange

Ferguson’s primary listing is now on the NYSE as it completes listing category transfer

WOKINGHAM, UK /ACCESSWIRE/May 12, 2022/ Ferguson plc (NYSE: FERG), (LSE: FERG) today announces that its primary listing is now on the New York Stock Exchange (“NYSE”). This follows the change of the company’s listing category on the official list of the Financial Conduct Authority from “Premium Listing (Commercial)” to “Standard Listing (Shares)” as of 08:00 GMT/03:00 ET today. today. Ferguson’s shares remain eligible and continue to trade on the main market of the London Stock Exchange as a Standard Listing segment issuer.

Today’s announcement follows the adoption of the corresponding resolution by shareholders at the General Meeting on March 10, 2022.

Geoff Drabble, Chairman of Ferguson, 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 of Directors, I would like to thank our associates, customers and investors for their support, and we look forward to the significant opportunities ahead.”

“We are excited to reach this key milestone as our listing structure is now fully aligned with our operations and the location of our team,” said Kevin Murphy, CEO of Ferguson.

“We continue to outperform our balanced and supportive end markets as we strive to make complex customer projects simple, successful and sustainable. This growth is driven by the strength of our associates, the breadth 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 venue aligned with our growth opportunities should enable us to create significant value for the foreseeable future,” Murphy added.

List changes
Ferguson’s operations are 100% focused on North America and the Board of Directors continues to believe that the United States is the natural long-term listing location for the company. As previously announced, after extensive shareholder consultation, Ferguson has set out a two-step process to achieve an orderly and fair journey towards achieving this goal. The first step was taken on March 8, 2021, with the entry into force of the additional American listing of the common shares on the NYSE. On March 10, 2022, the shareholders passed the special resolution to transfer its listing category from a premium listing to a standard listing on the LSE, effective today. From now on, Ferguson’s primary listing will be the NYSE.

About Ferguson
Ferguson is a leading $23 billion value-added North American distributor providing expertise, solutions and products ranging from infrastructure, plumbing and appliances to HVAC, fire, manufacturing and more. We exist to make our clients’ complex projects simple, successful and sustainable. Ferguson is listed on the New York Stock Exchange (NYSE: FERG) and the London Stock Exchange (LSE: FERG). For more information, visit fergusonplc.com or follow us on LinkedIn.

Caution Regarding Forward-Looking Statements
Certain information contained in this announcement is forward-looking within the meaning of the United States Private Securities Litigation Reform Act of 1995 and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements. Forward-looking statements cover all matters that are not historical facts and speak only as of the date on which they are made. Forward-looking statements can be identified by the use of forward-looking terminology such as “shall”, “should” or other variations or comparable terminology. Forward-looking statements include statements regarding future shareholder value. Many factors could cause actual results to differ materially from these forward-looking statements, including, but not limited to: risks associated with moving our primary listing to the United States and any volatility in the price of our shares and the shareholder base relating thereto; economic weakness, market trends, uncertainty and other conditions in the markets in which we operate, and other factors beyond our control, including macroeconomic or other consequences of the current conflict in Ukraine ; adverse impacts caused by the COVID-19 pandemic (or associated variants) or any current or future vaccination and/or testing mandates; the unsuccessful execution of our operating strategies; and the risks set forth in our Form 20-F filed with the Securities and Exchange Commission on September 28, 2021, under the heading “Risk Factors”. Forward-looking statements regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Except in accordance with our legal or regulatory obligations, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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