8-KCorporate ChangesExhibits & Filings

TE Connectivity plc 8-K Report, Bylaw Amendment (Dec 7, 2010)

Filed December 7, 2010For Securities:TEL

Summary

TE Connectivity plc (formerly Tyco Electronics Ltd.) filed an 8-K on December 7, 2010, to report the effectiveness of its amended and restated Articles of Association. This amendment formalizes the third installment of a previously approved par value reduction, which is being distributed to shareholders. The par value per share has been reduced by 0.18 Swiss francs (CHF), bringing the new par value to CHF 1.55 per share. This initiative represents a return of capital to shareholders, with the third installment of US$0.16 per share expected to be paid around December 15, 2010. This filing is significant for investors as it details a formal step in the return of capital to shareholders through a par value reduction. The company is executing on its previously announced plan to distribute capital in four installments. Investors should note the effective date of the amended Articles of Association and the upcoming payment date for the third installment, which solidifies the reduced par value and associated distribution.

Key Highlights

  • 1TE Connectivity plc (formerly Tyco Electronics Ltd.) filed an 8-K on December 7, 2010.
  • 2The company's amended and restated Articles of Association became effective on December 7, 2010.
  • 3This amendment reflects the third installment of a par value reduction per share.
  • 4The par value per share has been reduced by CHF 0.18, to a new par value of CHF 1.55.
  • 5A cash distribution of US$0.16 per share, representing the third installment, is expected around December 15, 2010.
  • 6The total distribution to shareholders through par value reduction is payable in four equal installments on or before March 25, 2011.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce that TE Connectivity plc's (formerly Tyco Electronics Ltd.) amended and restated Articles of Association have become effective. This amendment formally implements the third installment of a previously approved par value reduction, which also serves as a distribution of capital to shareholders.

Following the amendment and the third installment of the par value reduction, the new par value for each share of TE Connectivity plc is CHF 1.55.

The third installment of the distribution, amounting to US$0.16 per share, is expected to be paid on or about December 15, 2010, to shareholders of record as of December 7, 2010.

The distribution through par value reduction is being paid in four equal installments. The final installment is expected to be paid on or before March 25, 2011.