Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
IR > SEC Filings for IR > Form 8-K on 19-Mar-2013All Recent SEC Filings

Show all filings for INGERSOLL-RAND PLC | Request a Trial to NEW EDGAR Online Pro



Unregistered Sale of Equity Securities

Item 3.02. Unregistered Sale of Equity Securities
As further described in its preliminary proxy statement filed on March 15, 2013 with the Securities and Exchange Commission, Ingersoll-Rand plc (the "Company") will propose at its 2013 annual general meeting of shareholders to reduce its entire share premium account, including the additional $7,750,394,604.93 of share premium created as a result of the steps described below, in order to increase its distributable reserves. Under Irish law, the Company must maintain sufficient distributable reserves in its unconsolidated balance sheet in order to make distributions to shareholders, or to buy back or redeem shares. The Company recently increased its share capital by revaluing its assets from historic cost value to the market value at the date of the revaluation. This revaluation resulted in the creation of a revaluation reserve of $7,750,394,604.93. On March 14, 2013, the Company issued ten preferred shares, with a nominal value of $0.001, to an Irish incorporated special purpose entity (the "Subscriber") for an aggregate purchase price of $0.01. The preferred shares were issued to the Subscriber pursuant to the exemption from registration provided by Section 4(2) of the Securities Act of 1933.
Subsequently on March 14, 2013, the Company used the revaluation reserve to pay up share capital by making a bonus issue of an additional ten preferred shares with a nominal value of $0.001 per share and paid up with a share premium of $775,039,460.492 per share (i.e., an amount equal to one tenth of the sum held to the credit of the revaluation reserve less the nominal value of the preferred share of $0.001) to the Subscriber. The twenty preferred shares in existence following the bonus issue were subsequently redeemed at their aggregate nominal value of $0.02 and cancelled. The cancellation of the shares increased the Company's share capital by $7,750,394,604.93.

  Add IR to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for IR - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now

Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.