Record date decided for stock split at Beijer Electronics AB (publ)
The Annual General Meeting (AGM) of Beijer Electronics AB on 27 April 2011 resolved to implement a 3:1 stock split, such that each share is split into three shares of the same class. On the basis of the authorization from the AGM, the Board of Directors has now set a date for effecting the split as follows.
The record date for the split will be June 29, 2011, which means that the last day of trading prior to the split will be June 23, 2011. The first day of trading in the split shares will be June 27, 2011.
Last day of trading prior to the split June 23, 2011
First day of trading in the split shares June 27, 2011
Record date for the split June 29, 2011
The shares obtained through the split are expected to be entered in securities accounts on June 30, 2011, which is the day after the record date.
The split will be carried out automatically by Euroclear and shareholders need take no action. After the split the number of shares in the company will amount to 18,934,464.
For more information, please contact:
President and CEO, Fredrik Jönsson,
tel +46 (0)40 35 86 10, mobile +46 (0)705 17 16 26
CFO, Lennart Mauritzson,
tel +46 (0)40 35 86 53, mobile +46 (0)705 52 05 57
The information in this press release is such that Beijer Electronics (publ) shall publish in accordance with the Law on Securities Market and/or the Act on Trading in Financial Instruments. The information was submitted for publication June 15, 2011 at 9.00 (CET).
Beijer Electronics is a fast growing technology company with extensive experience of industrial automation and data communication. The company develops and markets products and solutions that focus on the user. Since its start-up in 1981, Beijer Electronics has evolved into a multinational group present in 16 countries and sales of 1,200 MSEK 2010. The company is listed on the Nasdaq OMX Nordic Exchange Stockholm’s Small Cap list under the ticker BELE. www.beijerelectronics.se