Ferguson Enterprises completes US redomestication via merger; shares continue trading as FERG

Ferguson Enterprises Inc. /DE/

Merger effective August 1, 2024; each Ferguson plc share converted into one share of new Delaware corporation.
Ferguson Enterprises Inc. assumed $500M term loan, $1.35B revolver, $1.1B receivables facility, and outstanding notes.
Board unchanged; Rekha Agrawal and Rick Beckwitt added as independent directors; Richard Winckler named CAO.
Initial three stockholders' shares cancelled; public shareholders now hold all common stock.
New Delaware governance: 10% special meeting threshold, amended charter/bylaws, omnibus equity plan adopted.

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