GALWAY, Ireland, Sept. 30,
2024 /PRNewswire/ -- TE Connectivity plc (NYSE: TEL)
today completed the change in the place of incorporation of the
publicly traded parent company of TE Connectivity from Switzerland to Ireland. The change in place of incorporation
resulted in each shareholder of TE Connectivity Ltd. receiving one
share of TE Connectivity plc, a company incorporated under the laws
of Ireland, for each share of TE
Connectivity Ltd. held immediately prior to the change in
incorporation. The company will continue to be a U.S. Securities
and Exchange Commission reporting company and its ordinary shares
will continue to trade on the New York Stock Exchange (NYSE) under
the symbol TEL.
As a reminder, at the Annual General Meeting on March 13, 2024, shareholders approved the
distribution of a dividend payable from reserves from capital
contributions to be paid in four equal quarterly installments of
$0.65. Dividends for TE
Connectivity's first fiscal quarter of 2025 will be paid on
December 6, 2024, to the shareholders
of record on November 22, 2024, and
for TE Connectivity's second fiscal quarter of 2025 on March 7, 2025, to the shareholders of record on
February 21, 2025. Beginning in TE
Connectivity's third fiscal quarter of 2025, dividends will be
declared and paid on a quarterly basis by the Board of Directors as
provided by Irish Law.
Further, on June 12, 2024,
shareholders approved at a Special General Meeting the reduction of
the share premium account of TE Connectivity plc to allow for the
creation of distributable reserves following the effective date of
the reincorporation. As required by Irish law, TE will apply to the
Irish High Court for an order seeking the approval of the reduction
of the company capital of TE by the cancellation of the entire
amount standing to the credit of TE's share premium account. The
date of the hearing before the Irish High Court shall be published
on TE.com once known.
About TE Connectivity
TE Connectivity plc (NYSE: TEL) is a global industrial
technology leader creating a safer, sustainable, productive, and
connected future. Our broad range of connectivity and sensor
solutions enable the distribution of power, signal and data to
advance next-generation transportation, renewable energy, automated
factories, data centers, medical technology and more. With more
than 85,000 employees, including 8,000 engineers, working alongside
customers in approximately 140 countries, TE ensures that EVERY
CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn,
Facebook, WeChat, Instagram and X (formerly Twitter).
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SOURCE TE Connectivity plc