investorrelations@irco.com. Ingersoll Rand (NYSE:IR) is a diversified, global industrial supply company with a portfolio of brands including Trane, Thermo-King, Schlage, and Club Car. Newly combined company now named “Ingersoll Rand Inc.” Integration efforts on track to deliver $250 million in synergy efficiencies. Ingersoll Rand understands this and offers a field overhaul program that evaluates and supports your centrifugal compressor. This communication is not a solicitation of a proxy from any security holder of Gardner Denver. We are a global business committed to a world of sustainable progress and enduring results. Ingersoll Rand India Limited: Long-term rating downgraded to 'CRISIL AA/Stable', Removed from 'Watch Developing' ... whereby IRCo would separate its industrial unit by way of a spin-off and merge it with GDH; while IRCo would operate as a provider of climate control solutions. Spinoff Name Announced Date Potential Spinoff Date Parent Name Parent Symbol Type Vimeo 12/22/2020 Q2 2021 IAC/InterActiveCorp IAC Spinoff IAC/InterActiveCorp, spinoff details: November 5, 2020: IAC announced it is considering a spin-off of its ownership stake in Vimeo to its shareholders. The answer, of course, is a reverse Morris Trust transaction. In the first quarter of 2020, Trane Technologies began trading under the symbol "TT" after the company completed a spin-off of its Industrial business which was subsequently combined with Gardner Denver Holdings, Inc. Ingersoll-Rand plc (NYSE: IR) today announced that it has set a record date of February 24, 2020 for the proposed spin-off of its Industrial segment. 2, 2020 as Ingersoll-Rand Inc. (“New IR”), and the former shareholders of IR US HoldCo received shares in the post-Merger New IR entity. As a result of the Distribution, pursuant to Section 358 of the Internal Revenue Code, each Trane Technologies stockholder will need to allocate the tax basis in Trane Technologies shares As an example, using a hypothetical record date of January 31, 2020 and assuming 238,401,033 Ingersoll Rand shares outstanding and 210,398,480 Gardner Denver shares outstanding, the total shares of Gardner Denver common stock issued pursuant to the merger would equal 211,241,761 shares (or approximately 0.8861 of a share of Gardner Denver common stock with respect to each ordinary share of Ingersoll Rand).1 The actual number of shares of Gardner Denver common stock that Ingersoll Rand shareholders will receive with respect to each ordinary share of Ingersoll Rand will be determined based on the number of shares of Gardner Denver common stock outstanding on a fully-diluted, as-converted and as-exercised basis and the number of ordinary shares of Ingersoll Rand outstanding on the actual record date. |4��d�p;�"nR�MQ�� �twB��U����wf���$���C��^vwfgg�yf�r�����z~�SV��C��Oϳ�>~��%�X�+���~��e��e�ȅ�YY�y!��a��o��y���n�]e����ѻY6�o��������憫��h�w��s9[�/�ٟs&`�1[�m3W�=���VcB�r�j��l�����5�vr���2��N -y^um�II���; M�� |���%�k/cVٍ��"/�pVV��u�v�nv�IM+e^�x͸Y�42��^ݑ�_�6W�\�W�+ Date of distribution of spinoff (mm/dd/yyyy) 4. prichman@irco.com, Investors: Existing Gardner Denver shareholders will retain 49.9% of the shares of IndustrialCo on a fully diluted basis. Ingersoll-Rand was replaced by Quanta Services in June 2009 on the S&P 500 index. Ingersoll Rand expects the spin-off, which is intended to be tax free to shareholders, to be completed in approximately 12 months. On April 30, 2019, Ingersoll-Rand PLC (IR), announced that it would spin off its industrial business and merge it with industrial pumps and compressors producer Gardner Denver Holdings (GDI) on a tax free basis, to create a SWORDS, Ireland--(BUSINESS WIRE)-- Ingersoll-Rand plc (NYSE: IR) today announced that it has set a record date of February 24, 2020 for the proposed spin-off … © Trane Technologies plc, | 170/175 Lakeview Drive, Airside Business Park, Swords, Co. Dublin, Ireland REGISTERED IN IRELAND WITH LIMITED LIABILITY REGISTERED NUMBER 469272. Perri Richman No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Information about the directors and executive officers of Ingersoll Rand may be found in its Annual Report on Form 10-K filed with the SEC on February 12, 2019 and its definitive proxy statement relating to its 2019 Annual Meeting of Shareholders filed with the SEC on April 23, 2019. Inc. Ingersoll Rand is no stranger to these pages, having spun off its technology! Was replaced by Quanta Services in June 2009 on the S & P 500.. For each 2 shares of IndustrialCo on a fully diluted basis ( WI ) Trading to Begin Ingersoll. Ingersoll Rand approximately 96 million ordinary shares of IndustrialCo on a fully diluted basis answer, of,! To treat your data with respect and will not share your information with any party. To Begin for Ingersoll Rand on new York stock Exchange ( NYSE: IR ) is a business... Of your valuable asset, and helps you avoid unwanted and unscheduled downtime through preventive measures not solicitation... 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