Ferguson to Start Trading on NYSE
March 08 2021 - 2:46AM
Dow Jones News
By Anthony O. Goriainoff
Ferguson PLC said Monday that trading in its ordinary shares
will commence on the New York Stock Exchange later in the day.
The plumbing-and-heating products distributor said that it will
retain its listing in the London Stock Exchange, as well as its
inclusion in the FTSE 100 index, and that it will trade at both
exchanges under the same ticker symbol FERG.
The company said that as a result of the additional U.S.
listing, its current American depositary receipt program managed by
J.P. Morgan Chase Bank will terminate effective Monday.
After the disposal of Wolseley UK, 100% of its revenue is now
generated in North America, it said.
"The additional U.S. listing is an important milestone and as
previously announced, after a period of transition the board
intends to hold a shareholder vote on a proposal to change the
primary listing to the U.S.," Chairman Geoff Drabble said.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
March 08, 2021 02:31 ET (07:31 GMT)
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