2 for 1 Split announced!
Monday November 10, 5:00 pm Eastern Time
Company Press Release
PeopleSoft, Inc. Announces A Two-For-One Stock Split
PLEASANTON, Calif.--(BUSINESS WIRE)--Nov. 10, 1997--PeopleSoft, Inc., a leading provider of enterprise application software, announced
today that its Board of Directors has approved a two-for-one split of its common stock.
The stock split will be effected as a stock dividend. Shareholders of record on November 21, 1997 will be issued a certificate representing one
additional share of common stock for each share of common stock held on the record date. These certificates will be distributed on December
5, 1997. The stock split will increase the number of shares of common stock outstanding from approximately 112,500,000 to 225,000,000
shares.
Ronald Codd, PeopleSoft's chief financial officer, stated that the Board of Directors authorized the stock split with the intention of benefiting the shareholders by obtaining wider distribution for the common stock and improving the marketability of the common stock. |
