Medtronic sets final 4.5939 exchange ratio in MiniMed split-off offer

• Medtronic set a final exchange ratio of 4.5939 MiniMed shares for each Medtronic ordinary share accepted in its MiniMed split-off.
• The ratio hit the offer’s upper limit, since the calculated exchange ratio based on reference prices would have been higher.
• Up to 225,361,295 MiniMed shares are available in the exchange offer; an oversubscription could add 27,452,053 more MiniMed shares.
• At the final ratio, Medtronic would take about 55,032,401 shares if it tenders its remaining MiniMed stake, or about 49,056,639 otherwise.
• The exchange offer and withdrawal rights are scheduled to expire at midnight New York time on Oct. 9, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medtronic plc published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610071731PR_NEWS_USPR_____CG66440) on October 07, 2026, and is solely responsible for the information contained therein.