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Aptiv PLC completed the spin-off of Versigent Limited on April 1, 2026, pursuant to a Separation and Distribution Agreement dated March 30, 2026.
Aptiv PLC has completed the spin-off of Versigent Limited, marking a significant strategic separation of the two entities. The transaction was executed on April 1, 2026, under the terms of the Separation and Distribution Agreement entered into on March 30, 2026. This agreement comprehensively outlines the allocation of assets and liabilities between the Parent (Aptiv) and SpinCo (Versigent) groups, the termination of intercompany arrangements, and the governance of their ongoing relationship post-distribution. Versigent Limited is set to change its status to a public limited company under Jersey law and will be renamed Versigent PLC. The filing indicates that the separation involves a restructuring to aggregate the SpinCo Business and a contribution of assets and liabilities to Versigent prior to the distribution. The agreement also includes standard provisions for mutual releases, indemnification, and access to information, ensuring a clear separation of legal and operational responsibilities. Confidential information within the agreement was redacted in accordance with SEC regulations, as it was deemed not material and potentially competitively harmful if publicly disclosed.
Event Type
Disclosure
Mandatory
Variant
8-K
in its entirety, does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation and Distribution Agreement, wh
by reference. | Item 9.01 | Financial Statements and Exhibits. | |---|---| (b) Pro Forma Financial Information The pro forma financial information required by t
Acquisition / Disposition
Material Agreement