NCR Corporation Announces Timing and Additional Details Regarding its Previously Announced Separation - Seite 2

Tim Oliver, Atleos’ CEO-designate, added, “This is an important and exciting moment for our team as we take a critical step closer to launching Atleos as a standalone public company. With our feet firmly in the Company’s rich history, and buoyed by the talent and energy that characterize our workforce, Atleos and Voyix each look toward a bright new chapter.”

“We could not be more proud of the teams at Atleos and Voyix and the terrific work they have done together,” said David Wilkinson, Voyix’s CEO-designate. “As proud carriers of the Company’s legacy, we look forward to continuing to provide world-class service to our global customers, and cultivating lasting relationships with our partners and employees to drive stockholder value.”

Atleos Common Stock Distribution

As stated above, the Company’s Board of Directors authorized a pro rata distribution, subject to certain conditions as set forth in the Form 10 and the related Information Statement, of Atleos common stock owned by the Company which is expected to be made on October 16, 2023 (the “distribution date”) to the Company’s common stockholders of record as of 5:00 p.m. local New York City time on October 2, 2023 (the “record date”). The distribution is expected to be effective at 5:00 p.m. local New York City time on the distribution date. Each of the Company’s common stockholders of record will receive one share of Atleos common stock for every two shares of the Company’s common stock held by such stockholder as of the record date. No fractional shares of Atleos’ common stock will be distributed. Fractional shares of Atleos’ common stock will be aggregated and sold on the open market, and the aggregate net proceeds of the sales will be distributed ratably in the form of cash payments to the Company’s common stockholders who would otherwise be entitled to receive a fractional share of Atleos’ common stock.

When-Issued Trading Market

Shares of the Company’s common stock are expected to continue to trade “regular way” on the NYSE under the current ticker symbol “NCR” from the record date through the distribution date.

Beginning on or about October 11, 2023 through the distribution date, it is expected that there will be two markets in the Company’s common stock on the NYSE: the “regular way” market under the Company’s current ticker symbol “NCR” and the “ex-distribution” market under the ticker symbol “VYX WI.” Prior to the distribution, shares of the Company’s common stock that trade in the “regular way” market will trade with the right to receive shares of Atleos common stock on the distribution date. Shares of the Company’s common stock that trade in the “ex-distribution” market will trade without the right to receive shares of Atleos common stock on the distribution date. After the distribution, the Company will be renamed NCR Voyix Corporation and, on October 17, 2023, it is expected that the shares of NCR common stock, which will then be referred to as Voyix common stock, will trade “regular way” under the ticker symbol “VYX.” No action is required by existing Company stockholders with respect to the ticker symbol change. The Company’s common stock will continue to be listed on the NYSE and the CUSIP will remain unchanged.