Caterpillar Broadcasts Voluntary Delisting from Euronext Paris

IRVING, Texas, April 29, 2024 /PRNewswire/ — Caterpillar Inc. (NYSE: CAT – Euronext Paris: CATR) (the “Company” or “Caterpillar”) at this time introduced that, following a complete evaluate of the considerably low buying and selling quantity, prices and administrative necessities associated to the itemizing of its widespread inventory (ISIN US1491231015) on exchanges aside from the New York Stock Exchange (“NYSE”), it requested the voluntary delisting of its shares from the regulated market of Euronext in Paris (“Euronext Paris”). This request has been permitted by the Board of Directors of Euronext Paris S.A.

In addition, Caterpillar additionally plans on making use of for the delisting of its shares from the SIX Swiss Exchange and anticipates such delisting can be efficient previous to the top of 2024.

Following the delistings from Euronext Paris and the SIX Swiss Exchange, the widespread inventory of Caterpillar will stay traded on the NYSE, Caterpillar’s major itemizing alternate.

Holders of Caterpillar shares traded on Euronext Paris and held via the amenities of Euroclear France (the “CAT Euronext Shares”) may have the next choices:

1. Keep their CAT Euronext Shares. Shareholders will be capable to commerce on Euronext Paris via and together with the buying and selling day previous to the delisting date and solely on the NYSE thereafter via the amenities of The Depositary Trust Company (“DTC”), topic to the phrases utilized by their monetary middleman and their custody preparations; or
2. Participate in a voluntary gross sales facility (described under) to promote all or a portion of their CAT Euronext Shares on the NYSE, in accordance with the foundations and laws of Euronext Paris.

Procedure of the Voluntary Sales Facility

Shareholders wishing to promote their CAT Euronext Shares on the NYSE through the voluntary gross sales facility ought to ask their monetary middleman to ship their CAT Euronext Shares from May 3, 2024 to May 16, 2024 (inclusive) to Société Générale. Société Générale can be appearing because the centralizing agent appointed by the Company for the gross sales facility, following the process described in a Euronext discover, which is predicted to be printed on April 30. 

The CAT Euronext Shares tendered to Société Générale can be offered starting May 23 on the NYSE on the market worth prevailing on the time of the sale. Société Générale, with the help of its dealer, will calculate the common sale worth of the CAT Euronext Shares offered in the course of the gross sales interval and switch the sale proceeds (which can be transformed into euros from U.S. {dollars} by Société Générale) to the collaborating shareholders as soon as it receives the funds from its designated dealer. 

Caterpillar pays the centralization and brokerage charges and any relevant overseas alternate fee in reference to the sale on the NYSE of the CAT Euronext Shares offered pursuant to the voluntary gross sales facility.

Please be aware that no guarantee may be given by the Company or by Société Générale as to the value at which the CAT Euronext Shares tendered pursuant to the voluntary gross sales facility will really be offered. This course of is being supplied solely as an lodging to holders of CAT Euronext Shares.

Holders of CAT Euronext Shares could resolve to not take part within the voluntary gross sales facility or could resolve to not take any motion, during which case no guarantee may be given to them on the phrases that can be utilized by their monetary middleman after the delisting from Euronext Paris. Shareholders are urged to seek the advice of their very own funding advisors earlier than making a call to take part or not on this course of. 

The calendar for the gross sales facility and the delisting of the shares from Euronext Paris is as follows (it being specified that the Company reserves the proper to amend this calendar):

Shareholders collaborating within the voluntary gross sales facility are reminded that they acknowledge and settle for the dangers associated to the change within the share market worth and/or relevant overseas alternate charges between the date on which their CAT Euronext Shares are delivered to Société Générale for participation within the voluntary gross sales facility and the receipt of the relevant common sale proceeds. All tenders of CAT Euronext Shares underneath the voluntary gross sales facility can be irrevocable.

Shareholders not collaborating within the voluntary gross sales facility could proceed to commerce their CAT Euronext Shares on Euronext Paris till and together with May 27, 2024, underneath the same old phrases and circumstances of their dealer.

The Company’s shares can be delisted from Euronext Paris on May 28, 2024.

Holders of CAT Euronext Shares could request any extra info from their custodian and standard monetary middleman, who’ve acquired the main points of the delisting. 

About Caterpillar

With 2023 gross sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s main producer of development and mining tools, off-highway diesel and pure fuel engines, industrial fuel generators and diesel-electric locomotives. For practically 100 years, we have been serving to prospects build a greater, extra sustainable world and are dedicated and contributing to a reduced-carbon future. Our revolutionary services, backed by our international supplier community, present distinctive worth that helps prospects succeed. Caterpillar does business on each continent, principally working via three major segments – Construction Industries, Resource Industries and Energy & Transportation – and offering financing and associated providers via our Financial Products phase. Visit us at caterpillar.com or be a part of the dialog on our social media channels at caterpillar.com/en/news/social-media.html.

Caterpillar’s latest monetary outcomes are additionally available on-line:

https://investors.caterpillar.com/financials/quarterly-results/default.aspx (stay broadcast/replays of quarterly convention name)

Forward-Looking Statements

Certain statements on this press launch relate to future occasions and expectations and are forward-looking statements inside the that means of the Private Securities Litigation Reform Act of 1995. Words reminiscent of “consider,” “estimate,” “can be,” “will,” “would,” “count on,” “anticipate,” “plan,” “forecast,” “goal,” “information,” “challenge,” “intend,” “may,” “ought to” or different comparable phrases or expressions usually establish forward-looking statements. All statements aside from statements of historic truth are forward-looking statements, together with, with out limitation, statements concerning our outlook, projections, forecasts or pattern descriptions. These statements don’t guarantee future efficiency and communicate solely as of the date they’re made, and we don’t undertake to update our forward-looking statements.

Caterpillar’s precise outcomes could differ materially from these described or implied in our forward-looking statements primarily based on a variety of elements, together with, however not restricted to: (i) international and regional financial circumstances and financial circumstances within the industries we serve; (ii) commodity worth modifications, materials worth will increase, fluctuations in demand for our merchandise or vital shortages of fabric; (iii) authorities financial or fiscal insurance policies; (iv) political and financial dangers, industrial instability and occasions past our management within the nations during which we function; (v) worldwide commerce insurance policies and their influence on demand for our merchandise and our aggressive position, together with the imposition of new tariffs or modifications in present tariff charges; (vi) our potential to develop, produce and market high quality merchandise that meet our prospects’ wants; (vii) the influence of the extremely aggressive atmosphere during which we function on our gross sales and pricing; (viii) info know-how safety threats and pc crime; (ix) stock administration selections and sourcing practices of our sellers and our OEM prospects; (x) a failure to understand, or a delay in realizing, all the anticipated advantages of our acquisitions, joint ventures or divestitures; (xi) union disputes or different worker relations points; (xii) opposed results of sudden occasions; (xiii) disruptions or volatility in international monetary markets limiting our sources of liquidity or the liquidity of our prospects, sellers and suppliers; (xiv) failure to take care of our credit score rankings and potential ensuing will increase to our cost of borrowing and opposed results on our cost of funds, liquidity, aggressive position and access to capital markets; (xv) our Financial Products phase’s dangers related to the monetary providers trade; (xvi) modifications in rates of interest or market liquidity circumstances; (xvii) a rise in delinquencies, repossessions or web losses of Cat Financial’s prospects; (xviii) foreign money fluctuations; (xix) our or Cat Financial’s compliance with monetary and different restrictive covenants in debt agreements; (xx) elevated pension plan funding obligations; (xxi) alleged or precise violations of commerce or anti-corruption legal guidelines and laws; (xxii) extra tax expense or publicity, together with the influence of U.S. tax reform; (xxiii) vital authorized proceedings, claims, lawsuits or authorities investigations; (xxiv) new laws or modifications in monetary providers laws; (xxv) compliance with environmental legal guidelines and laws; (xxvi) catastrophic occasions, together with international pandemics such because the COVID-19 pandemic; and (xxvii) different elements described in additional element in Caterpillar’s Forms 10-Q, 10-Ok and different filings with the Securities and Exchange Commission.

SOURCE Caterpillar Inc.