Hmmmmmm.. that was fast... maybe Q too soon
JDU.) JDS Uniphase Corporation Proposes Stock Split
BUSINESS WIRE - January 03, 2000 08:01
NEPEAN, Ontario and SAN JOSE, Calif., Jan 3, 2000 (BUSINESS WIRE) -- JDS Uniphase Corporation (Nasdaq:JDSU)(TSE:JDU) today announced that its Board of Directors has approved a two-for-one stock split of its common shares, subject to stockholder approval of an increase in the company's authorized Common Stock.
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 split, which shall be effective concurrent with the JDS Uniphase stock split.
Stockholder approval of an increase in authorized capital from 600 million to 3 billion shares will be sought at a special meeting of the company's stockholders, which has been scheduled for Feb. 25, 2000 (for which the record date shall be Jan. 21, 1999). Subject to receiving stockholder approval of the increase in authorized capital, the record date for the stock split shall be March 1, 2000. Following such approval, the payment date for the stock split shall be March 10, 1999. Each of these dates is subject to the timing of any review by the Securities and Exchange Commission of proxy materials for the special stockholders' meeting. |
