8-KCorporate ChangesExhibits & Filings

TE Connectivity plc 8-K Report, Bylaw Amendment (Jun 8, 2010)

Filed June 8, 2010For Securities:TEL

Summary

TE Connectivity plc (formerly Tyco Electronics Ltd.) filed an 8-K on June 8, 2010, reporting the effective date of its amended and restated Articles of Association. This amendment formally implements the previously approved shareholder distribution through a reduction in the par value of the company's shares, amounting to CHF 0.18 per share for the first installment. This action reduces the par value of each share to CHF 1.91 and is part of a larger plan to distribute CHF 0.72 per share in four equal installments by March 25, 2011. Investors should note that the first installment of this distribution, equivalent to US$0.16 per share, was scheduled for payment around June 16, 2010, to shareholders of record as of June 8, 2010. This filing, along with the attached exhibits such as the amended Articles of Association and a form of share certificate reflecting the new par value, provides formal documentation of these financial and corporate structure changes. The effective filing with the commercial register of Schaffhausen, Switzerland, on June 8, 2010, marks the official change.

Key Highlights

  • 1TE Connectivity plc (formerly Tyco Electronics Ltd.) filed an 8-K on June 8, 2010, to report amendments to its Articles of Association.
  • 2The amendments are a formal step to implement a shareholder distribution approved at the March 10, 2010, annual general meeting.
  • 3The distribution involves a reduction in the par value of the company's shares, with the first installment effective from June 8, 2010.
  • 4The par value reduction is CHF 0.18 per share for this initial installment, bringing the new par value to CHF 1.91 per share.
  • 5A total distribution of CHF 0.72 per share is planned, payable in four equal installments by March 25, 2011.
  • 6The first cash installment of US$0.16 per share was expected to be paid around June 16, 2010, to shareholders of record on June 8, 2010.
  • 7Key exhibits include the amended Articles of Association and a form of share certificate reflecting the new par value.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce the effective date of TE Connectivity's amended and restated Articles of Association. These amendments formally implement a previously approved shareholder distribution through a reduction in the par value of the company's shares.

The reduction in par value represents a distribution of capital to shareholders. The first installment, effective from June 8, 2010, reduced the par value by CHF 0.18 per share. Shareholders of record on June 8, 2010, were expected to receive a cash payment of approximately US$0.16 per share around June 16, 2010, as part of this overall distribution plan.

The company plans to distribute a total of CHF 0.72 per share to shareholders. This distribution will be paid in four equal installments, with the final installment expected by March 25, 2011.

The filing includes Exhibit 3.1, which is the amended and restated Articles of Association of TE Connectivity Ltd. (formerly Tyco Electronics Ltd.), and Exhibit 4.1, a form of share certificate reflecting the new par value of CHF 1.91 per share.