Ingersoll Rand Completes Spin-Off of Allegion

Ingersoll Rand completed the separation of its commercial and residential security businesses into a new independent public company, Allegion plc, via a dividend in specie to Ingersoll Rand shareholders. The distribution was effective December 1, 2013, with Allegion shares trading on the NYSE under the symbol 'ALLE'.

“In connection with the previously announced separation of the commercial and residential security businesses (the “Business”) of Ingersoll-Rand plc (“Ingersoll Rand” or the “Company”) from the rest of Ingersoll Rand by means of a dividend in specie of the Business, which was effected on December 1, 2013 by the transfer of the Business from Ingersoll Rand to Allegion plc (“Allegion”) and the issuance by Allegion of ordinary shares directly to Ingersoll Rand’s shareholders (the “Distribution”)”

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