June 16 (Reuters) - Plumbing supplies distributor Ferguson Enterprises FERG.N, FERG.L said on Tuesday it will cancel its secondary listing on the London Stock Exchange, completing its transition to trading solely in North America.

The company, which shifted its primary listing from the LSE to the New York Stock Exchange in 2022, said the cancellation would cut costs and simplify its governance.

• The plumbing supplies distributor said its delisting from LSE will take effect on July 20, while its common shares will last trade on July 17.

• The company expects minimal impact for shareholders holding common stock directly or through DTC brokers.

• Ferguson added that liquidity on the NYSE has far surpassed that on the LSE, in line with the company’s rationale to delist from London in favour of deeper U.S. capital markets.

• Ferguson currently expects the existing U.K. Depositary Interest arrangements to remain in place until on or around January 29, 2027.

• The move adds Ferguson to a growing number of companies that have either abandoned London listing plans, shifted their primary market overseas or withdrawn from the exchange in pursuit of stronger valuations and deeper pools of capital elsewhere.