Ferguson Enterprises Inc. has established the currency exchange rate for its upcoming dividend payment of $0.89 per share, which is scheduled to be disbursed on July 8, 2026. The dividend applies to stockholders recorded as of the close of business on May 15, 2026. This announcement provides necessary financial details for shareholders, particularly those holding Depositary Interests within the CREST system.

Participants in CREST will receive the dividend in pounds sterling (GBP) as the default currency unless they actively elect to receive payment in an alternative currency. The company has determined the exchange rate for this conversion to be 1.3228 GBP/USD. This rate will be used to calculate the GBP equivalent of the declared dividend for eligible holders.

The following table outlines the specific dividend declaration and the applicable exchange rate:

Shareholders seeking further information regarding dividend payments or currency election options can refer to the company's shareholder resources. The details regarding the exchange rate ensure that holders of Depositary Interests are informed of the precise conversion metrics applicable to their dividend receipts.

Ferguson Enterprises Inc. announced it will cancel its secondary listing on the London Stock Exchange (LSE) effective July 20, 2026. The Board of Directors determined that liquidity on the New York Stock Exchange (NYSE) now far outweighs that on the LSE and that the shareholding base is largely North American. The move aims to eliminate the cost and complexity of maintaining a secondary listing while simplifying corporate governance requirements and completing alignment with the company's pure North American business profile.

The company requested the U.K. Financial Conduct Authority (FCA) to cancel the listing of its common stock on the Official List and the LSE to cancel admission to trading on its main market. As the company is assigned to the Equity Shares (international commercial companies secondary listing) category, no shareholder approval is required for the London Delisting.

In accordance with U.K. Listing Rule 21.2.17R, the company provided at least 20 business days' notice. The last date of trading on the LSE will be July 17, 2026. Following the delisting, it will not be possible to trade common stock on the LSE, but the company will maintain its listing on the NYSE.

The London Delisting is expected to have no impact for direct holders of common stock or those holding interests through a nominated DTC broker or custodian. However, holders of the company's U.K. issued Depositary Interests (U.K. DIs) are encouraged to review the arrangements that will apply to them. The company currently expects the existing U.K. DI arrangements to remain in place until on or around January 29, 2027.

To trade common stock on a recognized stock exchange following the London Delisting, U.K. DI holders must reposition their interests into a DTC broker or custodian account. This involves canceling U.K. DIs through a cross-border instruction in CREST and instructing Computershare Investor Services PLC to deliver the interests into a DTC participant account. Cancellation of U.K. DIs is subject to a charge depending on the value of the underlying common stock.

Key Dates and Actions

Ferguson serves as North America's largest value-added distributor of essential water and air solutions. Headquartered in Newport News, Va., the company reported sales of $31.3 billion for CY'25 and operates with approximately 35,000 associates in over 1,700 locations.