GE said on February 29, 2024 that its board approved the spin-off of GE Vernova LLC. The company said the distribution will be made as a pro rata dividend of all GE Vernova common stock to GE common shareholders.

1. 01

   GE said on February 29, 2024 that its board approved the spin-off of GE Vernova LLC. The company said the distribution will be made as a pro rata dividend of all GE Vernova common stock to GE common shareholders.

2. 02

   The company said holders of GE common stock as of the record date of March 19, 2024 will receive 1 share of GE Vernova common stock for every 4 shares of GE common stock. It said the distribution is expected to occur before the U.S. market opens on April 2, 2024, subject to the satisfaction or waiver of certain conditions.

3. 03

   The company said GE Vernova common stock is expected to begin trading on the NYSE under the ticker GEV on April 2, 2024. It added that when-issued trading (GEV WI) is expected to begin on or about March 27, 2024, and that from March 27 through April 1, GE common stock is expected to trade in two markets.

4. 04

   GE said that after the separation, it will operate as GE Aerospace and keep its NYSE listing under the ticker GE. The company also said GE Vernova and GE Aerospace will hold investor days in New York on March 6, 2024 and March 7, respectively.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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