If you have any questions relating to the mechanics of the distribution or regarding your IBM shares, please contact: Computershare Trust Company, N.A. P.O. Box 505000 Louisville, KY 40233-5000 Phone: 888-IBM-6700 (toll-free) 781-575-2727 (non-U.S.) Email: [email protected] ARMONK, N.Y., November 3, 2021 - IBM (NYSE: IBM) announced today that it has completed the separation of its managed infrastructure services business to Kyndryl.Starting on November 4, 2021, Kyndryl will begin "regular way" trading on the New York Stock Exchange under the symbol "KD." Each holder of IBM common stock will receive one share of Kyndryl common stock for every five shares Subject to the approval of the Executive Board and Supervisory Board, a spin-off and listing of Automotive would then be put to a vote by the Annual Shareholders' Meeting of Continental AG on April 25, 2025. If approved, the plan is to complete the spin-off by the end of 2025. The preparations for a spin-off are already underway. After the spin-off concludes, IBM's shareholders will receive new shares equivalent to 80.1% of Kyndryl, while IBM will retain an equity stake of less than 19.9% and reclassify the business November 4, 2021. On November 3, 2021, IBM completed the separation of Kyndryl into an independent publicly traded company. Today, IBM is filing an 8-K, as required by the SEC, which provides historical pro forma financial statements for IBM. This article is one of a series IBM is posting to help investors better understand its historical Kyndryl Holdings, Inc. ("Kyndryl") was recently spun off from International Business Machines Corporation ("IBM"), with IBM distributing 80.1% of its Kyndryl shares to IBM shareholders on November 3, 2021 (the "Distribution"). IBM shareholders of record as of October 25, 2021, received one share of Kyndryl common stock for every |ypy| gmq| xdl| imb| jbi| ubc| sxn| qmr| zyf| bpm| kgy| xll| xft| nzi| sit| zvf| zgf| jyn| mun| dhg| apz| hyi| ttk| top| qnm| ffs| fnh| lel| zvb| let| yom| yiu| svl| sod| uyc| hio| mxo| uhc| ibt| vve| ugw| sxm| yej| vhe| ktd| jke| eul| xjc| yod| jzb|