APi Group

FAQ

Our common stock is listed on the New York Stock Exchange under the symbol APG.
We completed our initial public offering on October 10, 2017 raising net proceeds of $1.25 billion from preferred and ordinary shares. Our initial listing was on the London Stock Exchange. Our trading on the LSE was halted when we acquired APi Group, Inc. on October 1, 2019. Trading of our common stock commenced on the New York Stock Exchange under the ticker symbol “APG” on April 29, 2020. Previous tickers were JTWO.L on the LSE from inception to September 2, 2019 and JJAQF on the OTC until April 28, 2020.
1100 Old Highway 8 NW
New Brighton, MN 55112
In addition to our ordinary shares, we have a second share class held by the Founders of APi Group Corp. (previously J2 Acquisition Ltd.) held by our Founders (the “Founder Preferred Shares”). These shares were issued to the Founders in our IPO to provide a long-term incentive structure that aligns with value creation for holders of our ordinary shares. Dividends are only paid if the stock price of the company grows over time.

Beginning in 2019, if the average stock price of our ordinary shares exceeds $11.50 per share for any ten (10) consecutive trading days of the calendar year, Founder Preferred Shares will receive a dividend in the form of APG ordinary shares or cash, at our sole option (which we intend to settle in shares). The amount of the first dividend will be equal to 20% of the increase in the market price of our Ordinary Shares for the last 10 trading days of the calendar year over our initial public offering price of $10.00 multiplied by 141.2 million shares. In subsequent years, the annual dividend amount will be calculated based on the increase in the stock price (again measured for the last 10 days of the calendar year) compared to the highest price previously used in calculating the Founder Preferred Share dividends. The Founder Preferred Shares will convert into ordinary shares at the end of 2026.

For more information on the Founder Preferred Shares or dividend terms and calculations please refer to our public filings.
Yes, there are 64.5 million warrants outstanding that may be exercised by the warrant holder at an exercise price of $11.50 per whole ordinary share in exchange for 3 warrants (i.e. convertible into 21.5 million ordinary shares). Any unexercised warrants will expire on October 1, 2022. The warrants are mandatorily redeemable by us at a price of $0.01 per warrant should the average market price of an APG ordinary share exceed $18.00 for ten (10) consecutive trading days. For more information on the warrants outstanding or their terms, please refer to our public filings and contact your broker. Our warrants are not listed. In connection with our domestication, the warrants have been placed on the U.S. register in book entry form. The CUSIP and ISIN numbers associated with the warrants are 00187Y 118 and US00187Y1183, respectively.
APi Group Corporation (formerly J2 Acquisition) was a PFIC from inception until its acquisition of APi Group Inc. on October 1, 2019. The tax information needed for US-based shareholders is available here.
On the effective date of the Domestication, each of our currently issued and outstanding our ordinary shares automatically converted, on a one-for-one basis, into shares of APG Delaware common stock, par value $0.0001 per share (“APG Delaware common stock”), and our warrants automatically converted, on a one-for-one basis, into warrants exercisable for shares of APG Delaware common stock. The CUSIP and ISIN numbers for the common shares are 00187Y 100 and US00187Y1001, respectively. The CUSIP and ISIN numbers for the warrants are 00187Y 118 and US00187Y1183, respectively.
Prior to the Domestication, certain of the Company's ordinary shares (which automatically converted into common stock in connection with the Domestication) and all of the Company's warrants were held as depositary interests in the Certificateless Registry for Electronic Share Transfer operated by Euroclear ("CREST") in the name of one or more CREST participants.

In connection with the Domestication, ordinary share CREST positions were transferred to the CREST participant's account at the Depository Trust Company ("DTC") on behalf of each beneficial holder.

The CUSIP number for the common shares is 00187Y 100. In order to facilitate settlement of common stock trades, the Company strongly encourages each beneficial holder to instruct its broker to move its common stock positions from the CREST participant account into a direct DTC participant account.