THIS ANNOUNCEMENT AND THE INFORMATION HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO PERSONS, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BREACH ANY APPLICABLE LAW.
On 26 March 2019, Ferguson plc (“Old Ferguson”) announced the proposal to put in place a new corporate structure for the Ferguson Group (the “Group”) by introducing a new, Jersey incorporated and UK tax-resident company (“New Ferguson”) as the new parent company of the Group. A circular (the “Circular”) was sent to shareholders on 4 April 2019 containing, amongst other things, the terms of the Scheme, notices convening the requisite court meeting and general meeting and details of the actions to be taken by shareholders. Capitalised terms used in this announcement but not defined shall have the meaning given to them in the Circular.
Today, two meetings of Old Ferguson’s shareholders were held at IBZ Schulen AG, Landis + Gyr-Strasse 1, CH-6300 Zug, Switzerland in connection with the Scheme and related matters. The first meeting was a meeting convened by an order of the Royal Court of Jersey made on 3 April 2019 (the “Court Meeting”) to approve the Scheme. The second meeting was a general meeting of Old Ferguson (the “Scheme General Meeting”) to approve certain matters related to the Scheme.
To view the entire announcement click here.
For further information please contact:
Ferguson plc:
Mark Fearon, Director of Corporate Communications and IR:
Mobile: +44 (0) 7711 875070
Mike Ward, Head of Corporate Communications:
Mobile: +44 (0) 7894 417060
Bunswick Group LLP (media enquiries):
Nina Coad, Partner:
Tel: +44 (0) 20 7404 5959
About Ferguson plc:
Ferguson plc is the world’s largest specialist trade distributor of plumbing and heating products to professional contractors principally operating in North America and the UK. Revenue for the year ended 31 July 2018 was $20.8 billion and ongoing trading profit was $1.5 billion. Ferguson plc is listed on the London Stock Exchange (LSE: FERG) and is in the FTSE 100 index of listed companies. For more information, please visit www.fergusonplc.com or follow us on Twitter https://twitter.com/Ferguson_plc.