On April 30, 2018, Pentair plc completed the separation and distribution of its Electrical business to nVent Electric plc. In connection with this separation and distribution, Pentair’s shareholders received nVent ordinary shares on a pro rata basis. Pentair and nVent are now two wholly independent, publicly traded companies.

Each Pentair shareholder received one ordinary share of nVent for every one share of Pentair held by such Pentair shareholder at the close of business on the record date, April 17, 2018.

The Pentair Form 8937 Report of Organizational Actions Affecting Basis of Securities can be found at investors.pentair.com/investor-relations.

Below are FAQs relating to the new nVent:

How do I contact Investor Relations?

Investor Relations can be contacted several ways:

U.S. Mail
Tony Riter
Vice President, Investor Relations
nVent Electric plc
1665 Utica Ave, Suite 700
St. Louis Park, MN 55416

Email: Tony.Riter@nVent.com

Dial: 763.204.7750.

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Who is nVent plc’s transfer agent? How do I transfer stock, change the address on my shareholder account, or replace a lost stock certificate?

Computershare Trust Company N.A (Computershare)

U.S. Dial: (866) 629-1003
International Dial: (781) 575-2488

U.S. Mail
PO Box 43078
Providence, RI 02940-3078 USA

To transfer shares, holders should contact Computershare at (866) 629-1003 if in the US or Canada, or (781) 575-2488 if outside the US and Canada. Computershare will send a Stock Transfer Form that will need to be completed as directed and returned. Alternatively, shareholders can request and complete certain forms online at Computershare’s Investor Center: www.computershare.com/investor

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Who do I contact with questions about my stock?

If shares are held directly on the register through DRS (Direct Registration System), please contact Computershare. If your shares are held through a custodian, bank or broker, please contact the custodian, bank or broker.

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Where is nVent incorporated?

nVent is incorporated in Ireland.

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Where is nVent corporate headquarters?

nVent’s principal office is in London, United Kingdom, with its management office in the United States in Minneapolis, Minnesota.

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Who is nVent’s independent auditor?

Deloitte & Touche LLP

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When did nVent go public?

nVent was spun-off from Pentair plc on April 30, 2018

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When is nVent’s fiscal year ended?

December 31

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How are nVent’s shares traded? What is nVent’s ticker symbol?

nVent ordinary shares are traded on the New York Stock Exchange (NYSE) under the ticker symbol “NVT”.

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Does nVent pay dividends?

Subject to nVent having sufficient “distributable reserves,” dividends are subject to approval from the Board of Directors and will depend upon many factors, including those discussed in nVent’s Registration Statement on Form 10, available on the SEC’s website at www.sec.gov.

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Does nVent have a dividend reinvestment program?

Yes. Please contact Computershare for further information at (866) 629-1003 if in the US or Canada, or (781) 575-2488 if outside the US and Canada or by visiting www.computershare.com/investor.

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What is nVent’s CUSIP for common stock?

nVent’s CUSIP number is G6700G 107

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How do I get added to the nVent email distribution list?

You can subscribe to email alerts for Press Releases, Events, Presentations, SEC filings and End of Day Stock Quotes by navigating to the bottom of this page and entering your email address where it says “Email Alerts.”

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When and where is nVent’s Annual Shareholders’ Meeting?

nVent will provide notice of each annual general meeting of shareholders meeting as required by its articles of association.

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Important Tax Information Concerning The Distribution Of nvent Electric Plc

All holders of Pentair and nVent ordinary shares are urged to consult their own tax advisors for a complete description of the tax consequences of the separation and distribution to them. Tax matters can be complicated, and the tax consequences of the separation and distribution to any shareholder may depend on such shareholder’s individual facts and circumstances.

What are the tax consequences of the distribution?

In connection with the separation and distribution of the Electrical business and the issuance of nVent ordinary shares, Pentair has received a private letter ruling from the Internal Revenue Service on certain issues relating to the qualification of the distribution and certain related transactions as tax-free under Section 355 and related provisions of the Internal Revenue Code of 1986, as amended (the “Code”). This ruling does not address all of the requirements for tax-free treatment of the distribution and the related transactions. Pentair has also received a tax opinion from Deloitte Tax LLP, which relies on the effectiveness of the IRS ruling, substantially to the effect that, for U.S. federal income tax purposes, the distribution and certain transactions entered into in connection with the distribution will qualify for non-recognition of gain or loss to Pentair and its shareholders pursuant to Section 355 and related provisions of the Code. Assuming that the distribution satisfies the requirements necessary for non-recognition of gain or loss to Pentair’s shareholders under Section 355 and related provisions of the Code, then for U.S. federal income tax purposes:

  • No gain or loss will be recognized by, or be includible in the income of, a holder of Pentair ordinary shares solely as a result of the receipt of nVent ordinary shares in the distribution.
  • A Pentair shareholder who receives cash in lieu of fractional ordinary shares of nVent generally will recognize gain or loss measured by the difference between the amount of cash received and the tax basis of the fractional shares. The gain or loss generally will be long-term capital gain or loss if the Pentair shareholder’s holding period for its Pentair ordinary shares exceeds one year and the Pentair ordinary shares are held as a capital asset on the date of the distribution.
  • The holding period of a Pentair shareholder for the nVent ordinary shares received in the distribution, including any fractional share interest for which cash is received, will include the holding period of such shareholder’s Pentair ordinary shares, provided that the Pentair ordinary shares are held as a capital asset on the date of the distribution.