Welcome to our dedicated page for Ferguson Enterprises news (Ticker: FERG), a resource for investors and traders seeking the latest updates and insights on Ferguson Enterprises stock.
Ferguson Enterprises Inc. distributes essential water and air products to specialized professionals in North American residential and non-residential construction markets. Its product categories include plumbing, HVAC, appliances, lighting, PVF, and water and wastewater solutions, supported by branch, showroom, phone, and digital customer channels.
Recurring Ferguson news covers operating results, organic and acquisition-driven growth, non-residential project demand, cash returns through dividends, and acquisitions used to consolidate fragmented distribution markets. Company updates also include strategic alliances for contractor e-commerce, SEC filing notices, annual-meeting matters, and Director/PDMR shareholding notifications tied to restricted stock units under the 2023 Omnibus Equity Incentive Plan.
Ferguson plc (LSE:FERG, NYSE:FERG) announced the termination of its American Depositary Receipt (ADR) program on March 8, 2021, transitioning to a full listing of ordinary shares on the NYSE. This mandatory exchange involved converting 18,952 ADSs into 1,895 ordinary shares at a 10:1 ratio, among other PDMRs exchanging varying amounts of ADSs for ordinary shares. No consideration was involved in these exchanges. The notification complies with EU Market Abuse Regulation, detailing the transactions of key managerial personnel including the Group CEO and CFO.
Ferguson plc announces the effective Additional US Listing of its ordinary shares on the New York Stock Exchange (NYSE) from 09:00 am (Eastern) today. This move, following the disposal of Wolseley UK, ensures that 100% of revenues are derived from North America. Ferguson retains its premium listing on the London Stock Exchange and the FTSE 100 index. The ADR program by J.P. Morgan has been terminated, and existing ADSs will be exchanged for ordinary shares. The Board plans a future shareholder vote to change the primary listing to the US.