![]() This press release contains forward-looking statements including, among other things, statements about and relating to the ex-dividend date expected benefits of the spin-off for VMware and its customers benefits to customers of VMware’s multi-cloud strategy the VMware and Dell Technologies’ partnership and the commercial agreement between VMware and Dell Technologies. For more information, please visit Forward-Looking Statements ![]() Headquartered in Palo Alto, California, VMware is committed to building a better future through the company’s 2030 Agenda. As a trusted foundation to accelerate innovation, VMware software gives businesses the flexibility and choice they need to build the future. VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. ![]() The previously announced commercial agreement between VMware and Dell preserves and enhances the go-to-market synergies jointly developed over the last several years with continued support and service for their mutual customers. VMware and Dell will continue to partner to provide differentiated solutions for their customers. “As a standalone company, we will continue to bring our multi-cloud strategy to life by providing our customers the power to accelerate their business and control their destiny in this new era.” “VMware’s mission is to deliver the trusted software foundation that accelerates our customers’ innovation,” said Raghu Raghuram, chief executive officer, VMware. The ex-dividend date will be November 2, 2021, the first trading day following the Payment Date. The terms of the spin-off included an $11.5 billion special cash dividend (the “Special Dividend”) that resulted in a $27.40 per share dividend payment on Novem(the “Payment Date”) to all VMware stockholders as of close of business on Octo(the “Record Date”). The spin-off from Dell Technologies provides VMware increased freedom to execute its multi-cloud strategy, a simplified capital structure and governance model, and additional operational and financial flexibility. 1, 2021 – VMware (NYSE: VMW) and Dell Technologies today announced the completion of the spin-off of VMware from Dell Technologies. VMware Gains Operational and Financial Flexibility while Maintaining Strategic Partnership with Dell TechnologiesĬompany Poised to Lead in Multi-Cloud Services for All Apps, Enabling Digital Innovation with Enterprise Control Share "A New Chapter for VMware: Spin-Off from Dell Technologies Completed" on LinkedIn.Share "A New Chapter for VMware: Spin-Off from Dell Technologies Completed" on Facebook.Share "A New Chapter for VMware: Spin-Off from Dell Technologies Completed" on Twitter.
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