FTSE Russell notes the announcement by Ferguson (UK, BJVNSS4, FTSE 100 index, GEIS Large Cap) in relation to the transfer of their shares from a Premium to a Standard Listing on the London Stock Exchange. Ferguson will retain its incorporation in Jersey and its existing listings on the London and New York Stock Exchanges. Subject to shareholder approval on Thursday 10 March, the transfer to a Standard Listing is expected to take place from the open of Thursday 12 May 2022.

Only Premium Listed equity shares are eligible for inclusion in the FTSE UK Index Series in accordance with Ground Rule 4.1.1. Concurrent with the transfer of Listing, Ferguson will be removed from the FTSE UK Index Series (including the FTSE 100 Index). The associated replacements for the fixed indices will be announced in advance, providing two days' notice.

Ferguson will be retained unchanged within the Global Equity Index Series (and associated indices). Any potential reassignment of the FTSE Russell nationality will be assessed during the quarterly review process, in conjunction with the Determining Nationality guidelines.

FTSE Russell will issue further notices detailing the changes within the FTSE UK Index Series in due course.