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: