x

This site is under development and will be the new home of Wolseley plc, the world’s leading specialist distributor of plumbing and heating products, when we change our name to Ferguson plc on 31 July 2017. Please come back then and visit us then. In the mean time, please visit our current live site below for further information Thank you.

www.wolseley.com

ADR Information

Ferguson’s ADR programme allows US investors to hold shares in the Company that are quoted and traded in US dollars in the US securities market.

Ferguson has established a sponsored Level 1 American Depositary Receipt (ADR) program for which Deutsche Bank Trust Company Americas perform the role of depositary bank.  The Level 1 ADR program trades on the premier tier of the US over-the-counter market called OTCQX under the symbol FERGY (it is not listed on a US stock exchange).  Each Ferguson ADR represents one-tenth of a Ferguson ordinary share.

Ticker: FERGY
Structure: Level 1 ADR
Exchange: OTCQX
Ratio (ADR : ORD): 10 ADRs : 1 Ordinary Share
DR ISIN: US31502A2042
CUSIP: 31502A204

Contact details for ADR investors and brokers:

Deutsche Bank ADR broker services desks
New York: Tel +1 212 250 9100
London: +44 (0)20 7547 6500

Contact details for registered ADR holders:

Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Operations Center
6201 15th Avenue
Brooklyn, NY 11219

Email:  db@astfinancial.com

Toll free number (if calling from within the US): (866) 249 2593
Direct Dial (if calling from outside the US): +1 718 921 8124

Deutsche Bank, as the depositary bank for Ferguson’s sponsored Level 1 ADR program, performs the following roles for ADR holders:

  • records and maintains the register of ADR holders;
  • is the stock transfer agent;
  • distributes dividends in US dollars (when dividends have been declared by the Board of Directors); and
  • issues new Ferguson ADRs and cancels existing Ferguson ADRs.

For those holders who are not registered because their shares are held through a ‘street name’ (bank or broker nominee account), your nominee will receive company documents from time to time from Deutsche Bank to distribute to ADR holders.  You need to make arrangements with your nominee if you wish to receive such documents and to be able to exercise your vote through the depositary bank at general meetings (if applicable).

Frequently Asked Questions

What is an American Depositary Receipt?
An ADR is a negotiable US certificate representing ownership of shares in a non-US corporation. ADRs are quoted and traded in US dollars in the US securities market. Dividend payments (if declared by the Board of Directors) are also paid in US dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors and to provide a corporate finance vehicle for non-US companies.

What are the benefits of ADRs to US investors?
US investors generally prefer to purchase ADRs rather than ordinary shares in the issuer's home market because ADRs trade, clear and settle according to US market conventions. One of the main advantages is the facilitation of diversification into foreign securities. ADRs allow easy comparison to securities of similar companies, as well as access to price and trading information. ADR holders also appreciate US dollar dividend payments (if declared) and receiving corporate action notifications.

How can I find dividend payment and corporate action information for Ferguson?
For dividend and corporate action information, please visit: https://www.adr.db.com/

Please search the name Ferguson and then select the ‘Corporate Actions’ tab.  Alternatively, you may contact Deutsche Bank Shareholder Services at the following toll-free number (if calling from within the US): (866) 249 2593 or Direct Dial: +1 (718) 921 8124

How are ADR dividends paid?
Dividends, when declared by Ferguson’s Board of Directors, are automatically paid to ADR holders in US dollars as soon as practicable after the dividend is paid on Ferguson’s ordinary shares.  The ADR and ordinary share dividend payment dates usually match since Ferguson changed to declaring dividends in US dollars in 2018.  Prior to 2018, dividends were paid to ADR holders 5 US business days after the ordinary dividend payment date to allow time for the currency exchange and associated processes.

Where are Ferguson ADRs traded?
Ferguson ADRs are traded on the premier tier of the US over-the-counter market called OTCQX.  They are not listed on a US stock exchange:

Ticker: FERGY
Structure: Level 1 ADR
Exchange: OTCQX
Ratio (ADR : ORD): 10 ADRs : 1 Ordinary Share
DR ISIN: US31502A2042
CUSIP: 31502A204

What is the difference between a registered holder and a beneficial ADR holder?
A registered holder is one whose name appears on the books of the depositary bank, as registrar; the registered holder is considered the owner of record. A beneficial holder is one whose holdings are held in another name, such as a broker, bank or nominee.