Summary
This 8-K filing from Tyco International Ltd. (as JCI was formerly known before its acquisition by Johnson Controls, which is a point of confusion given the prompt's preamble) reports on the final dividend payment and related amendment to its Articles of Association. The company has completed a capital reduction, distributing the fourth and final installment of CHF 0.24 per share (approximately $0.2239 USD) to shareholders on or about February 24, 2010. This effectively concludes a shareholder-approved dividend program that began in March 2009, totaling CHF 0.93 per share across four installments. As a result of this capital reduction, Tyco International's par value per share has been reduced by CHF 0.24, bringing the new par value to CHF 7.60. This amendment to the Articles of Association was officially filed and became effective on February 23, 2010. Investors should note that this filing primarily concerns a structural financial adjustment and dividend payout rather than significant operational or strategic changes.
Key Highlights
- 1Tyco International Ltd. has completed its previously announced capital reduction dividend.
- 2The fourth and final installment of CHF 0.24 per share (approx. $0.2239 USD) was paid on or about February 24, 2010.
- 3The total dividend distribution from the capital reduction amounts to CHF 0.93 per share.
- 4The company's Articles of Association have been amended to reflect a CHF 0.24 per share reduction in par value.
- 5The amended Articles of Association became effective upon filing with the commercial register on February 23, 2010.
- 6The new par value per share for Tyco International Ltd. is CHF 7.60.