Oh, goodie... !!!
JDS Uniphase Corporation Proposes Stock Split
SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 28, 1999--JDS Uniphase Corporation (Nasdaq:JDSU - news; TSE:JDU - news) today announced that its Board of Directors has approved a two-for-one stock split on its common shares to be paid as a stock dividend, subject to stockholder approval of an increase in the company's authorized Common Stock from 300 million to 600 million 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, which shall be effective concurrently with the JDS Uniphase stock dividend.
Stockholder approval of the increase in authorized capital will be sought at the company's annual meeting, which is scheduled for December 16, 1999 (for which the record date shall be November 1, 1999). Subject to receiving stockholder approval, the record date for the stock dividend shall be December 17, 1999. Following such approval, the payment date for the stock dividend shall be December 29,1999. |
