SCHAFFHAUSEN, Switzerland, June 12,
2024 /PRNewswire/ -- The shareholders of TE
Connectivity Ltd. (NYSE: TEL) approved each proposal presented at
the June 12 Special General Meeting
of shareholders. As a result, the company expects to complete the
merger between TE Connectivity Ltd. and its wholly owned
subsidiary, TE Connectivity plc, on or about Sept. 30, 2024, thereby changing the jurisdiction
of organization of the company from Switzerland to Ireland. The merger will result 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 merger.
About TE Connectivity
TE Connectivity Ltd.
(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).
Forward-Looking Statements
This release contains
certain "forward-looking statements" within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995. These statements
are based on management's current expectations and are subject to
risks, uncertainty and changes in circumstances, which may cause
actual results, performance, financial condition or achievements to
differ materially from anticipated results, performance, financial
condition or achievements. All statements contained herein that are
not clearly historical in nature are forward-looking and the words
"anticipate," "believe," "expect," "estimate," "plan," and similar
expressions are generally intended to identify forward-looking
statements. We have no intention and are under no obligation to
update or alter (and expressly disclaim any such intention or
obligation to do so) our forward-looking statements whether as a
result of new information, future events or otherwise, except to
the extent required by law. The forward-looking statements in this
release include statements about the proposed change of its place
of incorporation to Ireland, which
are subject to risks, such as the risk that the change of place of
incorporation might not be completed or, if completed, that the
anticipated advantages might not materialize, as well as the risks
that the price of TE Connectivity's stock could decline and its
position on stock exchanges and indices could change, and Irish
corporate governance and regulatory schemes could prove different
or more challenging than currently expected, and other risks
described in TE's definitive proxy statement filed with the U.S.
Securities and Exchange Commission (SEC) on April 24, 2024. More detailed information about
other risks and other factors that may affect TE is set forth in TE
Connectivity Ltd.'s Annual Report on Form 10-K for the fiscal year
ended Sept 29, 2023, as well as in
our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and
other reports filed by us with the SEC.
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SOURCE TE Connectivity, LTD