ADT 2009 Annual Report Download - page 278

TYCO INTERNATIONAL LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 25, 2009
(Continued)
6. SHAREHOLDERS’ EQUITY (Continued)
On March 12, 2009 the Company’s Board of Directors declared a quarterly dividend on the
Company’s common shares of CHF 0.23 per share, which was paid on May 27, 2009 to shareholders of
record on April 30, 2009. On May 7, 2009 the Company’s Board of Directors declared a quarterly
dividend on the Company’s common shares of CHF 0.23 per share, which was paid on August 26, 2009
to shareholders of record on July 31, 2009. On September 10, 2009 the Company’s Board of Directors
declared a quarterly dividend on the Company’s common shares of CHF 0.23 per share, which will be
paid on November 24, 2009 to shareholders of record on October 30, 2009. In February 2010 the
Company, as previously communicated, expects to pay a quarterly dividend of CHF 0.24 per share in
connection with the capital reduction approved in March 2009. These quarterly dividends represent the
first, second, third and fourth installments of an annual dividend of CHF 0.93 per share approved by
the shareholders on March 12, 2009. The Company expects to actually pay dividends in U.S. Dollars,
based on exchange rates in effect shortly before the payment date. Fluctuations in the value of the
U.S. Dollar compared to the Swiss Franc between the date the dividend is declared and paid will
increase or decrease the U.S. Dollar amount required to be paid. The Company manages the potential
variability in cash flows associated with the dividend payments by entering into derivative financial
instruments used as economic hedges of the underlying risk.
As of September 25, 2009 the Company’s share capital amounted to CHF 3,867,911,465.07 or
479,295,101 registered common shares with a par value of CHF 8.07 per share. Until March 12, 2011,
the Board of Directors may increase the Company’s share capital by a maximum amount of
CHF 1,933,955,728.50 by issuing a maximum of 239,647,550 shares. In addition, until March 12, 2011,
(i) the share capital of the Company may be increased by an amount not exceeding
CHF 386,791,145.70 through the issue of a maximum of 47,929,510 shares through the exercise of
conversion and/or option or warrant rights granted in connection with bonds, notes or similar
instruments including convertible debt instruments and (ii) the share capital of the Company may be
increased by an amount not exceeding CHF 386,791,145.70 through the issue of a maximum of
47,929,510 shares to employees and other persons providing services to the Company.
As of September 25, 2009, 5,182,984 common shares were owned by a subsidiary and held in
treasury.
Number of Average cost
shares (CHF)
Balance as of March 12, 2009 ...................... 5,979,935 288,080,519
Purchases .................................... 12,827 260,834
Sales ........................................ (821,176) (37,069,550)
Cancellations .................................. 11,398 514,722
Balance as of September 25, 2009 ................... 5,182,984 251,786,525
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