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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 managed by J.P. Morgan Chase Bank, N.A.  Our 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
ISIN: US31502A3032
CUSIP: 31502A303

Contact details for ADR investors and brokers:

J.P. Morgan ADR broker service desk

Tel +1 212-552-8926
Tel +1 212-552-8942

Contact details for registered ADR holders:

EQ Shareowner Services
P.O. Box 645404
St. Paul, Minnesota 55164-0504

Online: visit www.shareowneronline.equiniti.com then select "contact us".

Toll free number (if calling from within the US): +1 800 990 1135
Direct Dial (if calling from outside the US): +1 651 453 2128

J.P. Morgan Chase Bank, N.A., 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 J.P. Morgan Chase Bank, N.A. 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.com

Please search the name Ferguson and then select the ‘Corporate Actions’ tab.  Alternatively, you may contact EQ Shareowner Services at the following toll-free number (if calling from within the US): (800) 990 1135 or Direct Dial: +1 (651) 453 2128.

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
ISIN: US31502A3032
CUSIP: 31502A303

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.