JDSU announced a one-for-one stock dividend and a two for one stock split. Yess!!!
JDS Uniphase Corporation Announces
Stock Dividend and Stock Split
SAN JOSE, Calif. and NEPEAN, Ontario--(BUSINESS WIRE)--July 8,
1999--JDS Uniphase Corporation announced that its Board of Directors
has approved a one-for-one stock dividend on its common shares.
JDS Uniphase Canada Ltd. concurrently announced today that its
Board of Directors has approved a two-for-one split of its
Exchangeable Shares to mirror the JDS Uniphase Corporation stock
dividend. The record date for both events is July 23, 1999. New JDS
Uniphase Corporation common share certificates representing the
dividend will be sent to those holders, as of the record date, of
certificates representing common shares. New Exchangeable Share
certificates will be sent to those holders of JDS Uniphase Canada Ltd.
Exchangeable Shares, as of the record date, who hold certificates
representing Exchangeable Shares.
JDS Uniphase is a high technology company that designs, develops,
manufactures and distributes a comprehensive range of products for the
growing fibre optics communications markets. These products are
deployed by system manufacturers worldwide to develop advanced optical
networks for the telecommunications and cable television industries.
JDS Uniphase Corporation is traded on the NASDAQ National Market under
the symbol JDSU and the exchangeable shares of JDS Uniphase Canada
Ltd. are traded on The Toronto Stock Exchange under the symbol JDU.
The statements contained in this press release that are not
purely historical are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Act of 1934. These statements may be identified by their
use of forward-looking terminology such as "believes," expect," "may,"
"should," "would," "will," "intends," "plans," "estimates,"
"anticipates" and similar words. Such forward-looking statements
include, but are not limited to, statements regarding the
expectations, intentions or strategies of JDS Uniphase Corporation or
JDS Uniphase Canada Ltd., possible benefits to JDS Uniphase
Corporation or JDS Uniphase Canada Ltd. as a result of the stock
dividend and share split described above and the likelihood that such
transactions will be successfully completed. Such forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from those projected. Risks and
uncertainties that could cause actual results to differ materially
from such forward-looking statements, include, but are not limited to
transaction risks such as unanticipated regulatory or other problems
in competing the stock dividend and share split, and other factors
discussed from time to time in reports filed by JDS Uniphase
Corporation with the Securities and Exchange Commission. The
forward-looking statements contained in this news release are made as
of the date hereof and JDS Uniphase Corporation and JDS Uniphase
Canada Ltd. assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
materially from those projected in forward-looking statements. |
