Ferguson plc

Ferguson plc: Publication of Registration Statement, Proxy Statement, Notice of Special Meeting and U.K. Prospectus

Retrieved on: 
Thursday, April 18, 2024
HVAC, Manufacturing, Risk, Workplace violence, Bishopsgate, Form, Privacy, Proxy, Fraud, Prospectus, Failure, Uncertainty, Annual report, PRR, FCA, Weakness, Beneficial ownership, Special, Telephone, RG41, London Stock Exchange, Safety, Personal injury, Health, Theft, Ferguson plc, Security (finance), Register, Growth

On April 18, 2024, the Registration Statement was declared effective by the SEC and New TopCo filed a prospectus (the “Rule 424 Prospectus”) for such Registration Statement with the SEC.

Key Points: 
  • On April 18, 2024, the Registration Statement was declared effective by the SEC and New TopCo filed a prospectus (the “Rule 424 Prospectus”) for such Registration Statement with the SEC.
  • Beginning on April 18, 2024, the Company has mailed materials relating to the Special Meeting to its shareholders.
  • Prospectus”) in accordance with the Prospectus Regulation Rules (the “PRRs”) of the FCA.
  • No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933.

Ferguson plc: Notice of Dividend Currency Exchange Rate

Retrieved on: 
Tuesday, April 16, 2024
HVAC, Manufacturing, Ferguson plc, FERG, GBP, Holding company

On March 5, 2024, Ferguson plc (NYSE: FERG; LSE: FERG) (the "Company") announced its intention to pay a quarterly dividend of $0.79 per share (“Q2 Dividend”).

Key Points: 
  • On March 5, 2024, Ferguson plc (NYSE: FERG; LSE: FERG) (the "Company") announced its intention to pay a quarterly dividend of $0.79 per share (“Q2 Dividend”).
  • The Q2 Dividend will be paid on May 7, 2024, to shareholders who were on the register as at 8:00pm (ET) on March 15, 2024.
  • The deadline for the currency election in respect of the Q2 Dividend, was April 8, 2024, and was communicated to shareholders on March 5, 2024.
  • Set out below is the currency exchange rate for shareholders who will receive the Q2 Dividend in GBP:

Ferguson plc: Share Repurchase Program

Retrieved on: 
Friday, March 15, 2024
HVAC, Manufacturing, Ferguson plc, Market abuse, Share repurchase, Annual general meeting, Treasury, Acquisition, Barclays

Ferguson plc (the "Company") announces that, in continuation of its $3.0 billion share repurchase program (the "Program"), it has entered into a non-discretionary arrangement with its broker Barclays Capital Inc. ("Barclays") commencing from March 15, 2024 and ending no later than June 13, 2024.

Key Points: 
  • Ferguson plc (the "Company") announces that, in continuation of its $3.0 billion share repurchase program (the "Program"), it has entered into a non-discretionary arrangement with its broker Barclays Capital Inc. ("Barclays") commencing from March 15, 2024 and ending no later than June 13, 2024.
  • The maximum pecuniary amount allocated to this tranche of the Program is $220 million.
  • Pursuant to such authority, the Company intends to continue purchasing shares under the Program.
  • To the extent required, the Company may in the future use the repurchased shares to satisfy share awards.

Ferguson Files Form 10-Q

Retrieved on: 
Thursday, March 7, 2024
HVAC, Manufacturing, Form 10-Q, The Company, Ferguson plc

On March 6, 2024, Ferguson plc (the "Company") filed a Form 10-Q with the U.S. Securities and Exchange Commission ("SEC"). It is available on the SEC's website at sec.gov and on the SEC Filings page of the Company's website corporate.ferguson.com/investor/financial-information/sec-filings.

Key Points: 

On March 6, 2024, Ferguson plc (the "Company") filed a Form 10-Q with the U.S. Securities and Exchange Commission ("SEC"). It is available on the SEC's website at sec.gov and on the SEC Filings page of the Company's website corporate.ferguson.com/investor/financial-information/sec-filings.

Ferguson Files Form 8-K

Retrieved on: 
Friday, March 1, 2024
HVAC, Manufacturing, The Company, Ferguson plc, Form

On March 1, 2024, Ferguson plc (the "Company") filed a Form 8-K with the U.S. Securities and Exchange Commission ("SEC"). It is available on the SEC's website at sec.gov and on the SEC Filings page of the Company's website corporate.ferguson.com/investor/financial-information/sec-filings.

Key Points: 

On March 1, 2024, Ferguson plc (the "Company") filed a Form 8-K with the U.S. Securities and Exchange Commission ("SEC"). It is available on the SEC's website at sec.gov and on the SEC Filings page of the Company's website corporate.ferguson.com/investor/financial-information/sec-filings.

Ferguson to Issue Second Quarter Results And Host Conference Call on March 5, 2024

Retrieved on: 
Tuesday, February 20, 2024
HVAC, Engineering, Other Manufacturing, Manufacturing, Report, Ferguson plc, Webcast, FERG

Ferguson plc (NYSE: FERG; LSE: FERG) announces today that it will issue its second quarter results on Tuesday, March 5, 2024.

Key Points: 
  • Ferguson plc (NYSE: FERG; LSE: FERG) announces today that it will issue its second quarter results on Tuesday, March 5, 2024.
  • The results will be available on Ferguson’s website at corporate.ferguson.com at 6:45 a.m. ET/11:45 a.m. GMT.
  • A conference call and webcast of the analyst and investor presentation will be broadcast at 8:30 a.m. ET/1:30 p.m. GMT on the same day.
  • An archived version of the webcast and slide presentation will be available for 12 months after the live event.

Ferguson plc: New Corporate Structure to Achieve U.S. Domicile

Retrieved on: 
Thursday, January 18, 2024
HVAC, Other Manufacturing, Manufacturing, Proxy, London Stock Exchange, AETR, Uncertainty, Annual report, Failure, Prospectus, Communication, Form, RG41, Telephone, Ferguson plc, Weakness, Security (finance), Beneficial ownership

On December 5, 2023, Ferguson plc (the “Company”) announced that it was considering a new corporate structure to domicile the Group’s ultimate parent company in the United States, which would better align the Company’s headquarters and governance with its operations and leadership.

Key Points: 
  • On December 5, 2023, Ferguson plc (the “Company”) announced that it was considering a new corporate structure to domicile the Group’s ultimate parent company in the United States, which would better align the Company’s headquarters and governance with its operations and leadership.
  • The new corporate structure would be accomplished through a merger process by which the Company would become a direct wholly owned subsidiary of a new Delaware corporation (“US TopCo”).
  • US TopCo would list its common stock on both the New York Stock Exchange (“NYSE”) (primary) and London Stock Exchange (“LSE”) (secondary).
  • The Board believes that the establishment of US TopCo is the next natural step and will simplify the Company’s corporate governance requirements.

Ferguson plc: Notice of Dividend Currency Exchange Rate

Retrieved on: 
Wednesday, January 17, 2024
HVAC, Manufacturing, FERG, Ferguson plc, GBP, Holding company

On December 5, 2023, Ferguson plc (NYSE: FERG; LSE: FERG) (the "Company") announced its intention to pay a quarterly dividend of $0.79 per share (“Q1 Dividend”).

Key Points: 
  • On December 5, 2023, Ferguson plc (NYSE: FERG; LSE: FERG) (the "Company") announced its intention to pay a quarterly dividend of $0.79 per share (“Q1 Dividend”).
  • The Q1 Dividend will be paid on February 6, 2024, to shareholders who were on the register as at 8:00pm (ET) on December 15, 2023.
  • The deadline for the currency election in respect of the Q1 Dividend, was January 9, 2024, and was communicated to shareholders on December 5, 2023.
  • Set out below is the currency exchange rate for shareholders who will receive the Q1 Dividend in GBP:

Ferguson Files Form 8-K

Retrieved on: 
Monday, January 15, 2024
HVAC, Manufacturing, Ferguson plc, The Company, Form

On January 12, 2024, Ferguson plc (the "Company") filed a Form 8-K with the U.S. Securities and Exchange Commission ("SEC"). It is available on the SEC's website at sec.gov and on the SEC Filings page of the Company's website corporate.ferguson.com/investor/financial-information/sec-filings.

Key Points: 

On January 12, 2024, Ferguson plc (the "Company") filed a Form 8-K with the U.S. Securities and Exchange Commission ("SEC"). It is available on the SEC's website at sec.gov and on the SEC Filings page of the Company's website corporate.ferguson.com/investor/financial-information/sec-filings.

Ferguson Announces Three Acquisitions

Retrieved on: 
Tuesday, January 9, 2024
Manufacturing, Other Construction & Property, HVAC, Construction & Property, Engineering, Haruai language, Culture, FERG, Acquisition, Ferguson plc

These acquisitions have aggregate annualized revenues of approximately $220 million.

Key Points: 
  • These acquisitions have aggregate annualized revenues of approximately $220 million.
  • The Yorkwest and Grove Supply acquisitions are expected to close in the next 90 days, subject to customary closing conditions including regulatory clearance of the Yorkwest acquisition.
  • “Our strategy remains twofold: prioritizing organic growth and consolidating fragmented markets through acquisitions that align well with our culture and values.”
    Ferguson has a proven track record of successful acquisitions and has completed more than 50 acquisitions in the last five years.
  • The large, fragmented markets in which Ferguson operates comprise 10,000+ small to medium ($10-300 million revenue) independent companies across Ferguson’s nine customer groups in North America.