Aptiv Board Approves Spin-Off of Versigent: Critical Information for Investors

Overview of the Announcement

Aptiv PLC, a global industrial technology company, has officially announced that its Board of Directors has approved the spin-off of its Electrical Distribution Systems business into a new, independent, publicly traded company named Versigent. This pivotal corporate action is expected to have material implications for existing Aptiv shareholders and could significantly impact share values.

Spin-Off Mechanics and Timeline

• Record Date: The record date for the spin-off is set for the close of trading (New York City time) on March 17, 2026.
• Distribution Date: Shares of Versigent will be distributed to Aptiv shareholders before market open on April 1, 2026.
• Distribution Ratio: Aptiv shareholders as of the record date will receive one ordinary share of Versigent for every three ordinary shares of Aptiv held.
• Fractional Shares: Shareholders will receive cash in lieu of any fractional Versigent shares.
• Versigent Listing: Versigent expects to be authorized for listing on the New York Stock Exchange (NYSE) under the ticker symbol “VGNT”.
• Trading Details: Versigent shares will begin trading on a “when-issued” basis (symbol: “VGNT WI”) around March 27, 2026, and “regular-way” trading will commence on April 1, 2026 on the NYSE under “VGNT”.
• Shareholder Action: No action is required from Aptiv shareholders to receive Versigent shares; no payment, surrender, or exchange of Aptiv shares is needed.
• Conditions: The distribution is subject to conditions detailed in Versigent’s Form 10 registration statement.

About Versigent

Versigent is positioned as a leading global provider of signal, power, and data distribution systems for automotive and commercial vehicle markets. Building on a century-long legacy of innovation and trusted OEM partnerships, Versigent designs and manufactures advanced low- and high-voltage electrical architectures. The company operates engineering centers across four continents and maintains manufacturing sites in over 30 countries, combining global scale with regional responsiveness to meet the evolving needs of customers worldwide.

Potential Price Sensitive Information

• Separation Risks: The spin-off is subject to uncertainties and risks that could affect Aptiv’s and Versigent’s financial performance and share values. These include:
  • Ability to complete the spin-off as planned and within the anticipated timeframe.
  • Potential disruption to existing business relationships, litigation, or unexpected costs.
  • Uncertainty regarding the financial performance of both Aptiv and Versigent post-spin-off.
  • Possible negative effects on Aptiv’s share price due to the announcement or execution of the spin-off.
• Market and Economic Risks: Factors such as global and regional economic conditions, inflationary pressures, geopolitical conflicts (Ukraine/Russia, Middle East), interest rate fluctuations, supply chain disruptions (including semiconductor shortages), changes in trade laws, and potential labor actions (strikes, work stoppages) could materially impact both companies’ performance.
• No Guarantee of Benefits: There is no assurance the spin-off will achieve its intended benefits, and new risks may arise over time.
• Shareholder Considerations: Shareholders are strongly encouraged to consult financial and tax advisors regarding the consequences of buying, selling, or holding Aptiv or Versigent securities, as the transaction may impact their investment and tax positions.

Investor Contacts

• Investor Relations: Betsy Frank, Vice President, Investor Relations ([email protected])
• Media Relations: [email protected]

Forward-Looking Statements

This announcement contains forward-looking statements regarding Aptiv and Versigent, including their anticipated separation, financial performance, and future strategies. Actual results may differ materially due to various risks and uncertainties affecting both companies’ operations and the broader business environment. Aptiv disclaims any intention or obligation to update these statements, except as required by law.

Disclaimer

The information provided in this article is for informational purposes only and does not constitute investment, legal, or tax advice. Investors should consult their own advisors regarding the potential impacts of the spin-off and associated risks. Share prices can fluctuate, and past performance is not indicative of future results.

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