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On 26 March 2019, the Group announced a proposal to put in place a new corporate structure to change the Group’s headquarters and the tax residence of its holding company from Switzerland to the UK, implemented by means of a Scheme of Arrangement. Shareholders approved this proposal at a Court Meeting and a Scheme General Meeting held on 29 April 2019 and the Scheme of Arrangement was sanctioned by the Royal Court of Jersey at a hearing held on 8 May 2019. The Scheme of Arrangement became effective on 10 May 2019. All documentation relating to the Scheme of Arrangement can be found below:
As a result of the additional US listing of ordinary shares on March 8, 2021, Ferguson's American Depositary Receipt (ADR) program, previously managed by J.P. Morgan Chase Bank, N.A. was terminated. Existing Ferguson American Depositary Shares (ADSs) were mandatorily cancelled and exchanged for Ferguson ordinary shares.
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