CUPERTINO, Calif.--(BUSINESS WIRE)--Dec. 17, 2001--Symantec Corp. (Nasdaq:SYMC), the world leader in Internet security, today announced that its board of directors has approved a two-for-one stock split, to be effected in the form of a stock dividend.
The record date for the stock split will be Jan. 17, 2002. On or about Jan. 31, 2002, the transfer agent will mail certificates representing one additional share for each share held on this record date. The stock split will increase the number of total shares outstanding from approximately 70,196,104 to 140,392,208 shares.
"Internet security continues to be one of the highest priorities for IT organizations and this has helped us sustain our business," said John W. Thompson, Symantec chairman, president and CEO. "This stock split reflects the confidence we have in the long-term growth opportunities for our company."
In order to give effect to the stock dividend in respect of the Exchangeable Shares of Delrina Corporation (TSE:DE), a Canadian subsidiary of Symantec, Delrina today announced that it has approved the split of its Exchangeable Shares on a two-for-one basis, subject to stock exchange approval. The Delrina Exchangeable Shares are exchangeable on a one-for-one basis into shares of common stock of Symantec. Upon the sub-division of the Exchangeable Shares, the number of shares outstanding will increase from approximately 1,193,401 to 2,386,802.
About Symantec
Symantec, the world leader in Internet security technology, provides a broad range of content and network security software and appliance solutions to individuals, enterprises and service providers. The company is a leading provider of client, gateway and server security solutions for virus protection, firewall and virtual private network, vulnerability management, intrusion detection, Internet content and e-mail filtering, remote management technologies and security services to enterprises and service providers around the world. Symantec's Norton brand of consumer security products is a leader in worldwide retail sales and industry awards. Headquartered in Cupertino, Calif., Symantec has worldwide operations in 37 countries. For more information, please visit www.symantec.com. |
