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Technology Stocks : Softbank Group Corp

SFTBY 52.80

+5.5%

Nov 26 3:59 PM EST

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To: Edwin S. Fujinaka who wrote (4911)	4/21/2000 10:41:00 PM
From: Becky B	Read Replies (1) of 6020

Split announcement via Nikkei Net (followed prior report by DowJones same day): Thursday, April 13, 2000 Softbank Announces 3-For-1 Stock Split TOKYO (Nikkei)--Softbank Corp. (9984) will split its stock 3-for-1 for shareholders of record as of the end of April, the company announced Wednesday. The decision reflects a desire to increase liquidity in the stock, which although down 64% from the record high reached on Feb. 15, remains a daunting commitment for most investors. The minimum trading unit of 100 shares costs 7.13 million yen based on Softbank's Wednesday closing price of 71,300 yen, still 4.1 times the year-earlier level. A split at the current price would make a block of Softbank shares worth 2.37 million yen. Softbank will pay an annual dividend of 20 yen per share for the year ended March, unchanged from fiscal 1998. The dividend for the current financial year is under consideration. The Tokyo Stock Exchange has asked companies with high stock prices to take action aimed at enhancing liquidity. (The Nihon Keizai Shimbun Thursday morning edition)

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