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Technology Stocks : UCOMA UnitedGlobalCom -- Ignore unavailable to you. Want to Upgrade?


To: steve host who wrote (425)11/12/1999 1:49:00 PM
From: debra vogt  Read Replies (2) | Respond to of 489
 
United Announces 2-for-1 Stock Split


November 11, 1999 09:01 AM
DENVER, Nov. 11 /PRNewswire/ -- UnitedGlobalCom, Inc. ("United") UCOMA announced today that its Board of Directors has approved a two-for-one split of its common stock.
Shareholders of record at the close of business on November 22, 1999 will be entitled to one additional share of common stock for each share they own on that date. New shares will be mailed or delivered on or about the payable date of November 30, 1999, by the Company's transfer agent ChaseMellon Shareholder Services, LLC. The ex-dividend date, the date on which the change in the stock price will be reflected on the Nasdaq market, will be on or about December 1, 1999.

The stock split will increase the number of shares of Class A common stock outstanding from approximately 34.6 million shares to approximately 69.2 million shares and Class B common stock outstanding from approximately 9.7 million shares to approximately 19.4 million shares. Following the split, a total of approximately 88.6 million common shares will be outstanding.