ADT 2010 Annual Report Download - page 275

TYCO INTERNATIONAL LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 24, 2010
(Continued)
8. SHAREHOLDERS’ EQUITY (Continued)
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 was paid on
November 24, 2009 to shareholders of record on October 30, 2009. On December 10, 2009 the Company’s
Board of Directors declared a quarterly dividend on the Company’s common shares of CHF 0.24 per share,
which was paid on February 24, 2010 to shareholders of record on January 29, 2010. The dividends were
paid in U.S. dollars converted to Swiss Francs at the USD/CHF exchange rate in effect shortly before the
payment dates.
As of September 24, 2010 and September 25, 2009, there was CHF 1,503,920 and nil, respectively,
allocated from share capital to contributed surplus, related to the impact of dividends declared as a capital
reduction on shares owned directly by the Company.
BHS Acquisition
On May 14, 2010, the Company acquired all of the outstanding equity of BHS. To complete this
acquisition, the Company issued 35,156,050 registered shares with a par value of 7.60 CHF and 37,238
shares were contributed by a subsidiary that holds shares in the Company in treasury. BHS shareholders
who received Tyco common stock as consideration in the merger were included in the first installment of
dividend payments that were paid on May 26, 2010.
Treasury Shares
In September 2010, Tyco’s Board of Directors approved a USD $1.0 billion share repurchase program.
There were no shares purchased by the Company in fiscal 2010 under this program.
In July 2008, Tyco’s Board of Directors approved a USD $1.0 billion share repurchase program.
During fiscal 2010, the Company repurchased 24,329,623 shares for CHF 966,846,802 under this program.
As of September 24, 2010, the 2008 share repurchase program was substantially complete.
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