Wolseley plc - US Delisting
Wolseley PLC
02 January 2008
NEWS RELEASE
2 January 2008
Wolseley plc
Delisting from New York Stock Exchange
and deregistration of US reporting obligations under
the Securities Exchange Act of 1934
Further to the announcement made on 11 December 2007, ' Wolseley to delist from
New York Stock Exchange, deregister from the Securities Exchange Commission and
move from full listing to Level I ADR', Wolseley plc, the world's largest
specialist trade distributor of plumbing and heating products to professional
contractors and a leading supplier of building materials, today announces that
following the filing of a Form 25 with the SEC on 21 December 2007, the
delisting of American Depositary Receipts (ADRs) (each representing one ordinary
share in Wolseley plc), from the New York Stock Exchange is now effective.
As previously indicated, Wolseley intends to maintain its ADR facility as a
Level I programme, which means that Wolseley's ADRs will be traded on the
over-the-counter market (OTC) in the United States under the symbol WOSLY.
Wolseley's ordinary shares will continue to trade on the London Stock Exchange.
Wolseley plc today filed a Form 15F with the US Securities and Exchange
Commission ('SEC') to terminate its registration under the US Securities
Exchange Act of 1934. The deregistration will be effective 90 days after the
filing, unless the Form 15F is withdrawn by Wolseley or denied by the SEC.
Wolseley will continue to publish its Annual Report and Accounts and other
documents and communications in accordance with Exchange Act Rule 12g3-2(b) on
its website www.wolseley.com.
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ENQUIRIES:
---------
Analysts/Investors:
Guy Stainer +44 (0)118 929 8744
Group Investor Relations Director +44 (0)7739 778187
John English +1 513 771 9000
Vice President, Investor Relations, North America +1 513 328 4900
Media:
Mark Fearon +44 (0)118 929 8787
Director of Corporate Communications
Brunswick +44 (0)20 7404 5959
Andrew Fenwick
Kate Miller
Notes to Editors
----------------
Wolseley plc is the world's largest specialist trade distributor of plumbing and
heating products to professional contractors and a leading supplier of building
materials in North America, the UK and Continental Europe. Group revenue for the
year ended 31 July 2007 was approximately £16.2 billion and operating profit,
before amortisation and impairment of acquired intangibles, was £877 million.
Wolseley has around 77,000 employees operating in 28 countries namely: UK, USA,
France, Canada, Ireland, Italy, The Netherlands, Switzerland, Austria, Czech
Republic, Hungary, Belgium, Luxembourg, Denmark, Sweden, Finland, Norway, Slovak
Republic, Poland, Romania, Croatia, San Marino, Panama, Puerto Rico, Trinidad &
Tobago, Mexico, Barbados and Greenland. Wolseley is listed on the London Stock
Exchange (LSE: WOS) and is in the FTSE 100 index of listed companies.
Certain information included in this release is forward-looking and involves
risks and uncertainties that could cause actual results to differ materially
from those expressed or implied by forward looking statements. Forward-looking
statements include, without limitation, projections relating to results of
operations and financial conditions and Wolseley's plans and objectives for
future operations, including, without limitation, discussions of expected future
revenues, financing plans and expected expenditures and divestments. All
forward-looking statements in this release are based upon information known to
Wolseley on the date of this report. Wolseley undertakes no obligation to
publicly update or revise any forward-looking statement, whether as a result of
new information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific
events that could cause Wolseley's forward looking statements to be incorrect or
that could otherwise have a material adverse effect on the future operations or
results of an international Group such as Wolseley. Information on some factors
which could result in material difference to the results is available in
Wolseley's SEC filings.
This information is provided by RNS
The company news service from the London Stock Exchange
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