Completion of Wolseley UK disposal

RNS Number : 4194N
Ferguson PLC
01 February 2021
 

February 1, 2021

FERGUSON PLC

Completion of Wolseley UK disposal

Ferguson is pleased to confirm the completion of the disposal of Wolseley UK, its plumbing and heating distribution business, to Clayton, Dubilier and Rice.

The Company previously announced its intention to return substantially all of the net proceeds of the disposal to shareholders by way of a special dividend. Ferguson expects to provide further details regarding the arrangements for payment of this special dividend with the Half Year results on March 16, 2021.

 

For further information please contact

 

Ferguson plc

 

 

Bill Brundage, Group ChiefFinancialOfficer

Tel:

+1 757 223 6092

Mark Fearon, Director of Corporate Communications and IR

Mobile:

+44 (0) 7711 875070

Media Enquiries

 

 

Mike Ward, Head of Corporate Communications

Mobile:

+44 (0) 7894 417060

Nina Coad, David Litterick (Brunswick)

Tel:

+44 (0) 20 7404 5959

 

Notes to Editors:

 

1.  About Ferguson

Ferguson plc is a leading value added distributor of plumbing and heating products to professional contractors operating in North America. Ongoing revenue for the year ended July 31, 2020 was $19.9 billion and ongoing underlying trading profit was $1.6 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DISBUGDBXGDDGBC

Companies

Ferguson (FERG)
UK 100

Latest directors dealings