Summary
This 8-K filing by Tyco International Ltd. (now Johnson Controls International plc, JCI) on May 28, 2010, reports on the payment of the first quarterly installment of a capital reduction dividend approved by shareholders. This dividend, amounting to CHF 0.22 per share (approximately $0.1910 USD), was distributed to shareholders around May 26, 2010. Furthermore, the company amended its Articles of Association to reflect a reduction in the par value of its shares, a necessary step following the dividend payment. The par value per share is now CHF 7.38. This filing is primarily administrative, detailing the execution of a previously announced shareholder return plan and the necessary corporate adjustments to accommodate it.
Key Highlights
- 1Tyco International (now JCI) paid the first installment of a CHF 0.90 per share capital reduction dividend, amounting to CHF 0.22 per share.
- 2The cash distribution to shareholders was approximately $0.1910 USD per share.
- 3The dividend payment was made on or about May 26, 2010.
- 4Tyco amended its Articles of Association to reflect a reduction in the par value of its shares.
- 5The par value per share has been reduced to CHF 7.38.
- 6The amendment to the Articles of Association became effective upon filing with the commercial register on May 25, 2010.
- 7This action is a result of the shareholder-approved capital reduction dividend.