EVERETT, Washington, June 29, 2021– (COMMERCIAL THREAD) – Fortive Company (“Fortive”) (NYSE: FTV) at this time introduced that its 5.00% Necessary Convertible Most popular Shares, Collection A (the “Most popular Shares”), will robotically convert into frequent shares of the Firm July 1. 2021 (the “Conversion Date”). The conversion price for every most well-liked share will probably be 14.0978 frequent shares of the Firm. Money will probably be paid as an alternative of fractions of frequent shares.
As beforehand introduced, on July 1, 2021, holders of report on the shut of enterprise on June 15, 2021 will individually obtain a closing quarterly money dividend of $ 12.50 per share on the popular shares.
Fortive is a supplier of important applied sciences for related workflow options in a spread of enticing finish markets. Fortive’s strategic segments – Clever Working Options, Precision Applied sciences and Superior Healthcare Options – embrace well-known manufacturers occupying management positions of their markets. The corporate’s actions design, develop, preserve, manufacture and market skilled and technical merchandise, software program and companies, leveraging main manufacturers, modern applied sciences and vital market positions. Fortive is headquartered in Everett, Wash., And employs a crew of greater than 17,000 folks in analysis and growth, manufacturing, gross sales, distribution, service and administration in additional than 50 international locations at worldwide. With a tradition rooted in steady enchancment, the guts of our firm’s working mannequin is the Fortive Enterprise System. For extra data, please go to: www.fortive.com.
Statements on this launch that aren’t strictly historic, together with statements concerning the anticipated future timing of any dividend funds and the Firm’s expectations on the cost of dividends at any stage sooner or later, necessary conversion and any Another assertion recognized by their use of phrases reminiscent of “anticipate” or “will” or different phrases with related meanings are “forward-looking” statements throughout the that means of federal securities legal guidelines. There are a variety of necessary elements that might trigger dividend funds and dividend timing to vary materially from these urged or indicated by these forward-looking statements, and you shouldn’t place undue reliance on such forward-looking statements. These elements embrace, amongst others: the period and influence of the COVID-19 pandemic, the deterioration or instability of the financial system, the markets we serve, worldwide commerce insurance policies and monetary markets, adjustments in commerce relations with China, contractions or much less progress charges and cyclicality of the markets we serve, competitors, adjustments in business requirements and authorities rules, our skill to recruit and retain workers keys, our skill to establish, devour, combine and efficiently notice the anticipated worth of applicable acquisitions and full divestitures and different preparations, our skill to comprehend the anticipated advantages of our separation from Vontier, our skill to develop and to efficiently market new merchandise, software program and companies and to develop into new markets, the driving potential ina ppropriety of our workers, brokers or enterprise companions, contingent liabilities associated to acquisitions and divestitures, influence of the LIBOR elimination, influence of adjustments in tax legal guidelines, our compliance with relevant legal guidelines and rules and adjustments in relevant legal guidelines and rules, associated dangers worldwide financial, political, authorized, compliance and enterprise elements, dangers associated to the potential impairment of goodwill and different intangible belongings, overseas change charges, tax audits and adjustments in our tax price and taxes on revenue, the influence of our money owed on our operations, litigation and different contingent liabilities, together with mental property and environmental, well being and security issues, our skill to adequately defend our mental property rights , dangers associated to product, service or software program defects, legal responsibility of merchandise and remembers, dangers related to the manufacture of merchandise, our relationship with and efficiency of our channel companions, product prices and surcharges, our skill to regulate purchases and the power of producing to mirror market circumstances. market, the usage of single sources of provide, safety breaches or different disruptions to our IT techniques, the detrimental results of restructuring actions, the danger associated to the tax remedy of our separation from Vontier, the influence our indemnification obligation to Vontier, the influence of adjustments to US GAAP, labor points and disruption associated to man-made and pure disasters. Extra data concerning elements that might trigger precise outcomes to vary materially from these forward-looking statements could be present in our filings with the SEC, together with our Annual Report on Type 10-Ok for the 12 months ended December 31, 2020. These forward-looking statements converse solely as of the date of this launch, and Fortive assumes no obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions and developments, or in any other case.
See the supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20210629005960/en/
Vice-President, Investor Relations
6920 Seaway Boulevard
Everett, Washington 98203
Phone: (425) 446-5000