NEWPORT NEWS- Ferguson plc, a leading distributor of plumbing and heating products, is now listed on the New York Stock Exchange.
Ferguson added the U.S. listing of its ordinary shares on March 8. The company will keep its premium listing on the London Stock Exchange as well as its inclusion in the FTSE 100 index. Its ordinary shares will trade on both exchanges under the ticker symbol: FERG.
“The additional U.S. listing is an important milestone,” said Geoff Drabble, chairman of Ferguson plc.
Ferguson’s board expects that over time the additional U.S. listing will lead to more U.S. share ownership. The board plans to hold a shareholder vote to change the primary listing to the U.S. at a later date.