Aptiv board approves Versigent spin-off

Aptiv’s board of directors has approved the spin-off of its Electrical Distribution Systems business into a new publicly traded company called Versigent, with the distribution set for 1 April 2026. Aptiv shareholders as of the record date of 17 March 2026 will receive one Versigent ordinary share for every three Aptiv ordinary shares held.

Versigent expects to receive authorisation to list on the New York Stock Exchange under the ticker symbol “VGNT”. Shares are expected to begin trading on a “when-issued” basis on or about 27 March 2026 under the symbol “VGNT WI”, with regular trading commencing on 1 April 2026.

No action is required by Aptiv shareholders to receive Versigent shares, and shareholders do not need to pay any consideration or surrender Aptiv shares to participate in the separation. Cash will be paid in lieu of any fractional shares. The distribution remains subject to certain conditions described in Versigent’s registration statement on Form 10.

Source: Aptiv