Ingersoll-Rand (IR) Completes Change in Place of Incorporation to Ireland
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Ingersoll-Rand plc (NYSE: IR) announced today that it has completed its previously announced reorganization changing the jurisdiction of incorporation of the parent company of Ingersoll Rand from Bermuda to Ireland. The reorganization was completed on July 1, 2009, prior to the opening of trading on the New York Stock Exchange.
As a result of the reorganization, the Class A common shareholders of Ingersoll-Rand Company Limited (the Bermuda company) have become ordinary shareholders of Ingersoll-Rand plc (the Irish company) and Ingersoll-Rand Company Limited has become a wholly owned subsidiary of Ingersoll-Rand plc. Shares of Ingersoll-Rand plc will begin trading on the NYSE today under the symbol "IR," the same symbol under which the Ingersoll-Rand Company Limited Class A common shares previously traded. Ingersoll-Rand plc will continue to be subject to United States SEC reporting requirements, to prepare its financial statements in accordance with U.S. GAAP and to report in U.S. dollars.
As a result of the reorganization, the Class A common shareholders of Ingersoll-Rand Company Limited (the Bermuda company) have become ordinary shareholders of Ingersoll-Rand plc (the Irish company) and Ingersoll-Rand Company Limited has become a wholly owned subsidiary of Ingersoll-Rand plc. Shares of Ingersoll-Rand plc will begin trading on the NYSE today under the symbol "IR," the same symbol under which the Ingersoll-Rand Company Limited Class A common shares previously traded. Ingersoll-Rand plc will continue to be subject to United States SEC reporting requirements, to prepare its financial statements in accordance with U.S. GAAP and to report in U.S. dollars.
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