Tyco International Shareholders Approve Proposals At Annual General Meeting
SCHAFFHAUSEN, Switzerland, March 7, 2012 /PRNewswire/ -- Tyco International Ltd. (NYSE: TYC) announced today that its shareholders have approved all proposals presented during the company's Annual General Meeting.
Shareholders approved proposals to reappoint Deloitte & Touche LLP as the company's independent auditors, to appoint PricewaterhouseCoopers AG ( Zurich) as the company's special auditing firm, and to elect the current twelve members of the company's Board of Directors to new one-year terms.
Shareholders approved a cash dividend of $0.50 per share, payable to shareholders in two quarterly installments of $0.25 on May 23, 2012 and August 22, 2012. Shareholders also approved a conditional cash dividend of $0.50 per share, payable to shareholders in two quarterly installments of $0.25 on November 15, 2012 and February 20, 2013. Payment of the conditional cash dividend will be made only in the event that the spin-offs of the flow control and ADT North American residential security businesses do not occur prior to the record date for each conditional dividend payment.
ABOUT TYCO INTERNATIONAL Tyco International Ltd. (NYSE: TYC) is a diversified, global company that provides vital products and services to customers around the world. Tyco is a leading provider of security products and services, fire protection and detection products and services, valves and controls, and other industrial products. Tyco had 2010 revenue of $17 billion and has more than 100,000 employees worldwide. More information on Tyco can be found at www.tyco.com. SOURCE Tyco International Ltd.
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