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Share Name | Share Symbol | Market | Type |
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ABB Ltd | NYSE:ABB | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 37.13 | 0 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2022
Commission File Number 001-16429
ABB Ltd
(Translation of registrant’s name into English)
Affolternstrasse 44, CH-8050, Zurich, Switzerland
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ |
Form 40-F ⬜ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ⬜
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indication by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ⬜
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ⬜ |
No ☒ |
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
This Form 6-K consists of the following:
1. Press release issued by ABB Ltd dated September 7, 2022, titled “ABB shareholders approve Accelleron spin-off”.
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ZURICH, SWITZERLAND, SEPTEMBER 7, 2022
ABB shareholders approve Accelleron spin-off
The shareholders of ABB approved the proposed spin-off of its Accelleron turbocharging division at today’s Extraordinary General Shareholders Meeting of ABB Ltd held in Zurich. The Board of Directors’ proposal to spin off ABB’s market-leading turbocharging business by way of a dividend in kind of Accelleron Industries Ltd’s shares to ABB’s shareholders was supported with 99.72 percent of the votes. ABB will distribute to its shareholders, on a pro rata basis, as a dividend in kind, 1 Accelleron share for 20 ABB Ltd shares held. Shareholders representing 62.3 percent of the total share capital with a right to vote took part in the meeting.
Accelleron’s listing on SIX Swiss Exchange in Zurich is planned for October 3, 2022. ABB plans to publish Accelleron’s listing prospectus on September 23, 2022.
Accelleron is a global leader in turbocharging technologies and optimization solutions for 0.5 to 80+ MW engines, helping to provide sustainable, efficient and reliable power to the marine, energy, rail, and off-highway sectors. Through its innovative product offerings and research leadership, the company accelerates the decarbonization of the industries it operates in. Accelleron has an installed base of approximately 180,000 turbochargers and a network of more than 100 service stations across 50 countries worldwide. www.accelleron-industries.com
ABB (ABBN: SIX Swiss Exchange) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.com
Disclaimer
This press release
and the information contained herein are for information purposes only. The
distribution of this press release and the distribution of any securities in
connection with this transaction may be restricted by law in certain
jurisdictions and persons into whose possession this document or other
information referred to herein comes should inform themselves about and observe
any such restriction. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such jurisdiction.
This press release is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful. No action has been taken that would permit an offering of the securities or possession or distribution of this press release in any jurisdiction where action for that purpose is required. Persons into whose possession this press release comes are required to inform themselves about and to observe any such restrictions.
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This press release does not constitute or form a part of any offer of securities or solicitation to purchase or subscribe for securities in the United States. The securities may not be offered, subscribed or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements thereof. Any securities to be distributed in connection with this transaction have not been and will not be registered under the U.S. Securities Act or the laws of any state of the U.S. Neither ABB Ltd nor Accelleron Industries Ltd intends to register any securities referred to herein in the U.S.
Important notice about
forward-looking information
This press release
includes forward-looking information and statements, which are based on current
expectations, estimates and projections about the factors that may affect our
future performance, including the economic conditions of the regions and
industries that are major markets for ABB. These expectations, estimates and
projections are generally identifiable by statements containing words such as
“anticipates”, “expects”, “believes”, “estimates”, “plans”, “targets”, “aims”
or similar expressions. However, there are risks and uncertainties, many of
which are beyond our control, that could cause actual results to differ
materially from the forward-looking information and statements made in this
press release and which could affect our ability to achieve any or all of our
stated targets or anticipated transactions. Some important factors that could
cause such differences include, among others, business risks associated with
the COVID-19 pandemic, the volatile global economic environment and political
conditions, costs associated with compliance activities, market acceptance of
new products and services, changes in governmental regulations and currency
exchange rates, the impact of the financial performance of Accelleron, and such
other factors as may be discussed from time to time in ABB Ltd’s filings with
the U.S. Securities and Exchange Commission, including its Annual Reports on
Form 20-F. Although each of ABB Ltd and Accelleron Industries Ltd believes that
its expectations reflected in any such forward-looking statement are based upon
reasonable assumptions, it can give no assurance that those expectations will
be achieved. The foregoing list of factors is not exclusive and undue reliance
should not be placed upon any forward-looking statements, including projections,
which speak only as of the date made. ABB Ltd and Accelleron Industries Ltd do
not undertake to update, and expressly disclaim any duty to update, any
forward-looking statements, whether as a result of circumstances or events that
arise after the date they are made, new information, or otherwise.
ABB SHAREHOLDERS APPROVE ACCELLERON SPIN-OFF |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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ABB LTD |
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Date: September 7, 2022. |
By: |
/s/ Ann-Sophie Nordh |
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Name: |
Ann-Sofie Nordh |
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Title: |
Group
Senior Vice President and |
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Date: September 7, 2022. |
By: |
/s/ Richard A. Brown |
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Name: |
Richard A. Brown |
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Title: |
Group
Senior Vice President and |
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