Aptiv Board of Directors Approves Spin-Off of Versigent

Core Viewpoint - Aptiv PLC's Board of Directors has approved the spin-off of its Electrical Distribution Systems business into a new publicly traded company named Versigent, with key dates and distribution details outlined for shareholders [1] Group 1: Spin-Off Details - The record date for the spin-off is set for March 17, 2026, and the distribution will be effective before market open on April 1, 2026 [1] - Aptiv shareholders will receive one ordinary share of Versigent for every three ordinary shares held, with cash provided for any fractional shares [1] - Versigent is expected to list its shares on the New York Stock Exchange under the ticker symbol "VGNT," with trading commencing on a "when-issued" basis around March 27, 2026 [1] Group 2: Company Background - Aptiv is a global industrial technology company focused on automation, electrification, and digitalization [1] - Versigent specializes in signal, power, and data distribution systems for automotive and commercial vehicle markets, leveraging a century of innovation and partnerships with OEMs [1] - Versigent operates engineering centers on four continents and manufacturing facilities in over 30 countries, aiming to meet the evolving needs of global customers [1]