ADT 2009 Annual Report Download - page 120

PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases
of Equity Securities
The number of registered holders of Tyco’s common shares as of November 6, 2009 was 25,590.
Tyco common shares are listed and traded on the New York Stock Exchange (‘‘NYSE’’) under the
symbol ‘‘TYC.’’ The following table sets forth the high and low closing sales prices of Tyco common
shares as reported by the NYSE, and the dividends declared on Tyco common shares, for the quarterly
periods presented below. Effective March 17, 2009, Tyco changed its jurisdiction of incorporation from
Bermuda to the Canton of Schaffhausen, Switzerland. In connection with the Change of Domicile, the
par value of Tyco’s common shares increased from $0.80 per share to 8.53 Swiss francs (CHF) per
share (or $7.21 based on the exchange rate in effect on March 17, 2009). The Change of Domicile was
approved at a special general meeting of shareholders held on March 12, 2009. The following steps
occurred in connection with the Change of Domicile, which did not result in a change to Total
Shareholders’ Equity:
(1) approximately 21 million shares held directly or indirectly in treasury were cancelled;
(2) the par value of common shares was increased from $0.80 to CHF 8.53 through an
approximate 1-for-9 reverse share split, followed by the issuance of approximately eight fully
paid up shares so that the same number of shares were outstanding before and after the
Change of Domicile, which reduced share premium and increased common shares; and
(3) the remaining amount of share premium was eliminated with a corresponding increase to
contributed surplus.
Year Ended September 25, 2009 Year Ended September 26, 2008
Market Price Market Price
Dividends Declared Dividends Declared
Range Range
Per Common Per Common
Quarter High Low Share(1) High Low Share
First ......................... $35.02 $ 15.65 $0.20 $46.66 $37.88 $0.15
Second ....................... 24.57 17.43 0.21 44.85 33.72 0.15
Third ........................ 28.86 18.88 0.21 47.41 40.08 0.15
Fourth ....................... 34.87 25.55 0.22 45.15 36.37 0.20
$0.84 $0.65
(1) The dividends declared for the second through fourth quarters of 2009, are the U.S. dollar equivalent of CHF 0.23
converted at the U.S. dollar/Swiss franc exchange rate shortly before the payment dates.
Prior to the Change of Domicile, on December 4, 2008, Tyco’s Board of Directors declared a
quarterly dividend on the Company’s common shares of $0.20 per share, which was paid on February 2,
2009 to shareholders of record on January 5, 2009. Subsequent to the Change of Domicile, on
March 12, 2009 Tyco’s shareholders approved an annual dividend of CHF 0.93 to be paid out of
registered share capital in four quarterly installments. On March 12, 2009 and May 7, 2009 Tyco’s
Board of Directors declared the first and second installments of the quarterly dividend on the
Company’s common shares of $0.21 which were paid on May 27, 2009 and August 26, 2009,
respectively, to shareholders of record on April 30, 3009 and July 31, 2009, respectively. On
September 10, 2009, Tyco’s Board of Directors declared the third installment of the quarterly dividend
on the Company’s common shares of CHF 0.23 per share (or $0.22 per share converted at the U.S.
dollar/Swiss franc exchange rate as of October 30, 2009). This dividend is payable on November 24,
28 2009 Financials