JDS Uniphase Corporation Announces Stock Dividend and Stock Split
JULY 8, 1999
SAN JOSE, CALIFORNIA. and NEPEAN, ONTARIO--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. |
