Pentair, Inc.

$PNR - NYSE - Heavy Machinery
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Press Release $PNR Pentair, Inc.

0 COMMENTs 20 May
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Pentair Shareholders Approve Change in Place of Incorporation to Ireland

SCHAFFHAUSEN, Switzerland - May 20, 2014 - Pentair Ltd. (NYSE: PNR) today
announced that its shareholders voted to approve changing  the place of
incorporation of the publicly traded parent company of Pentair from Switzerland
to Ireland.

Based on the results of the extraordinary general meeting
of Pentair shareholders held today, approximately 99 percent of Pentair's common
shares voted at the meeting were voted in favor of the merger agreement pursuant
to which the change in the place of incorporation will be effected.

Pentair currently expects the change of the place of incorporation to be
finalized during the week of June 1, 2014, subject to certain governmental


This press release contains statements that we believe to be "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. All statements, other than statements of historical fact are forward-
looking statements. Without limitation, any statements preceded or followed by
or that include the words "targets," "goals," "plans," "believes," "expects,"
"intends," "will," "likely," "may," "anticipates," "estimates," "projects,"
"should," "would," "positioned," "strategy," "future," "outlook," "opportunity"
or words, phrases or terms of similar substance or the negative thereof, are
forward-looking statements. These forward-looking statements are not guarantees
of future performance and are subject to risks, uncertainties, assumptions and
other factors, some of which are beyond our control, which could cause actual
results to differ materially from those expressed or implied by such forward-
looking statements. These factors include the ability to successfully complete
the change in place of incorporation and achieve the expected benefits from such
change and the change in tax residence; the ability to successfully integrate
the Flow Control business and achieve expected benefits from such combination;
overall global economic and business conditions; competition and pricing
pressures in the markets we serve; the strength of housing and related markets;
volatility in currency exchange rates and commodity prices; inability to
generate savings from excellence in operations initiatives consisting of lean
enterprise, supply management and cash flow practices; increased risks
associated with operating foreign businesses; the ability to deliver backlog and
win future project work; failure of markets to accept new product introductions
and enhancements; the impact of changes in laws and regulations, including those
that limit U.S. tax benefits; the outcome of litigation and governmental
proceedings; and the ability to achieve our long-term strategic operating goals.
Additional information concerning these and other factors is contained in our
filings with the U.S. Securities and Exchange Commission, including in our
Quarterly Report on Form 10-Q for the quarter ended March 29, 2014 and our 2013
Annual Report on Form 10-K. All forward-looking statements speak only as of the
date of this communication. Pentair Ltd. assumes no obligation, and disclaims
any obligation, to update the information contained in this communication.


Pentair Ltd. ( delivers industry-leading products, services and
solutions for its customers' diverse needs in water and other fluids, thermal
management and equipment protection. With 2013 revenues of $7.5 billion, Pentair
employs more than 30,000 people worldwide.



Jim Lucas
Vice President, Investor Relations
Direct: 763-656-5575

Rebecca Osborn
Senior Manager, External Communications
Direct: 763-656-5589

This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
    other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
     originality of the information contained therein.

Source: Pentair Ltd via GlobeNewswire

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