A1W7PR Wolseley PLC

Etude de l'AG du 28/11/2017

Item 2:
Approve the Remuneration Report. The structure is weighted more towards rewarding long-term performance and the quantum is moderate. The payout is aligned with performance, though there are concerns that bonus targets may not be sufficiently challenging. Accelerated vesting in the event of a change of control is possible.
15/11/2017
63 pages
EN

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Underlying

Industrial Goods & Services - United Kingdom

Ferguson Plc, formerly Wolseley plc, is a Switzerland-based holding company. The Company is engaged in the distribution of plumbing and heating products and building materials. The Company's segments include USA, UK, Nordics, and Canada and Central Europe. The Company operates seven business units in the United States, six of these mainly operate in the business to business (B2B) market with one operating in the business to consumer (B2C) market. The Company, through Wolseley UK, operates approximately three businesses in the B2B market and has over 737 branches covering the whole country. The Nordic region consists of five businesses that operate a total of approximately 256 branches across over four countries, supported by approximately five distribution centers. The Company's businesses serve residential repair, maintenance and improvement (RMI) and new construction markets. Ferguson Enterprises, Inc (Ferguson) is the Company's primary brand in the USA segment.

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