Stella-Jones Announces 4-for-1 Share Split
01 Ottobre 2013 - 2:50PM
Marketwired
Stella-Jones Inc. (TSX:SJ) ("Stella-Jones" or the "Company") today
announced that its Board of Directors has approved a 4-for-1 share
split of its outstanding common shares. The 4-for-1 share split
will take the form of a share dividend whereby shareholders will
receive three common shares for each common share held.
The record date for the share dividend will be Monday, October
21, 2013 and the payment date will be Friday, October 25, 2013.
The Toronto Stock Exchange has determined to implement due bill
trading in connection with the share split. A due bill is an
entitlement attached to listed securities undergoing a material
corporate action, such as a share split. In this instance, the
entitlement is to the share dividend. The common shares will trade
on a due bill basis from two trading days prior to the record date
(i.e., Thursday, October 17, 2013) to the payment date (i.e.,
Friday, October 25, 2013), inclusively. Any trades that are
executed on the Toronto Stock Exchange during this period will be
flagged to ensure purchasers receive the entitlement to the share
dividend. Ex-dividend trading in the common shares on a
split-adjusted basis will commence on Monday, October 28, 2013. The
due bill redemption date will be Wednesday, October 30, 2013.
Shareholders do not need to take any action. Stella-Jones'
transfer agent will send to registered shareholders an advice under
the Direct Registration System indicating the number of additional
shares that they receive as a result of the stock split. These
additional shares will be held in book entry form and registered
electronically in the transfer agent's recordkeeping system, unless
a physical share certificate is requested by the registered
shareholder. Beneficial owners with common shares held through a
brokerage account will have their accounts automatically updated to
reflect the share split.
No income tax will be payable by Canadian residents in respect
of the share split, and the share split will not dilute
shareholders' equity. All share and per share data for future
periods will reflect the share split.
A series of questions and answers explaining some of the key
features of the share split will be posted during the course of the
day today on the home page of the Stella-Jones website at
http://www.stella-jones.com, under Latest News.
ABOUT STELLA-JONES
Stella-Jones Inc. (TSX:SJ) is a leading producer and marketer of
pressure treated wood products. The Company supplies North
America's railroad operators with railway ties, timbers and
recycling services; and the continent's electrical utilities and
telecommunications companies with utility poles. Stella-Jones also
provides industrial products and services for construction and
marine applications, as well as residential lumber to retailers and
wholesalers for outdoor applications. The Company's common shares
are listed on the Toronto Stock Exchange.
Except for historical information provided herein, this press
release may contain information and statements of a forward-looking
nature concerning the future performance of the Company. These
statements are based on suppositions and uncertainties as well as
on management's best possible evaluation of future events. Such
factors may include, without excluding other considerations,
fluctuations in quarterly results, evolution in customer demand for
the Company's products and services, the impact of price pressures
exerted by competitors, the ability of the Company to raise the
capital required for acquisitions, and general market trends or
economic changes. As a result, readers are advised that actual
results may differ from expected results.
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Head Office Exchange Listings Investor Relations
3100 de la Cote-Vertu The Toronto Stock Eric Vachon
Blvd. Exchange Senior Vice-President and
Suite 300 Stock Symbol: SJ Chief Financial Officer
Saint-Laurent, Quebec Transfer Agent Tel.: (514) 940-3903
H4R 2J8 and Registrar Fax: (514) 934-5327
Tel.: (514) 934-8666 Computershare Investor evachon@stella-jones.com
Fax: (514) 934-5327 Services Inc.
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Contacts: Source: Stella-Jones Inc. Contacts: Eric Vachon, CPA,
CA Senior Vice-President and Chief Financial Officer (514)
940-3903evachon@stella-jones.com Martin Goulet, CFA MaisonBrison
Communications (514) 731-0000martin@maisonbrison.com
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