Ferguson Enterprises Inc. (NYSE: FERG) announced its intention to cancel its secondary listing on the London Stock Exchange, with the delisting set to take effect at 8:00 a.m. U.K. time on July 20, 2026. The last day of trading on the LSE will be July 17, 2026.

The Newport News, Va.-based company cited several reasons for the decision, including that NYSE trading volume now significantly exceeds LSE volume, a predominantly North American shareholder base, and the cost and complexity of maintaining a dual listing. The company said the move aligns its listing structure with its North American business operations and headquarters.

No shareholder approval is required for the delisting, as Ferguson's shares are assigned to the Equity Shares international commercial companies secondary listing category of the U.K. Financial Conduct Authority's Official List.

Ferguson moved its primary listing from the LSE to the NYSE in 2022. The company's board had stated at that time it would maintain the London secondary listing as long as it was considered in shareholders' best interests. A formal review of the secondary listing was announced on May 5, 2026.

Following the delisting, Ferguson's common stock will continue to trade on the NYSE. The company said the delisting is not expected to affect shareholders who hold common stock directly or through a DTC broker or custodian.

Holders of U.K.-issued Depositary Interests will need to convert their holdings into common stock through a DTC broker or custodian account to trade on the NYSE. The company expects existing U.K. Depositary Interest arrangements to remain in place until on or around January 29, 2027.