AML Communications Inc. declares three-for-two stock split.CAMARILLO Camarillo (kă'mərē`yō), city (1990 pop. 52,303), Ventura co., S Calif.; inc. 1964. It is the center of a fertile farm area where citrus fruits and flowers are grown. , Calif.--(BUSINESS WIRE)--May 23, 1996--AML Communications Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMLJ) Thursday announced that its board of directors has declared a three-for-two stock split to be effected by means of a 50% share distribution. The new shares, one additional share of common stock for every two shares currently held by stockholders, will be issued and distributed on June 28, 1996, to stockholders of record as of the close of trading on the NASDAQ on June 5, 1996. Cash will be paid in lieu of Instead of; in place of; in substitution of. It does not mean in addition to. fractional shares Fractional share Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs. fractional share Less than one share of stock, that is, one-third or one-half a share. . AML AML - A Manufacturing Language currently has approximately 3,896,000 common shares outstanding; after the stock split, the company will have approximately 5,843,000 shares outstanding. Commenting on the stock split, Jacob Inbar, chairman and chief executive officer, said: "AML's continued growth has contributed to a substantial appreciation in its share price and made it possible for the board to take this action. We are confident that the additional shares outstanding as a result of this stock split will benefit stockholders by increasing the company's trading activity and liquidity." AML Communications Inc. designs, manufactures and markets multicarrier amplifiers, repeaters and related products for the cellular and other communications markets. CONTACT: AML Communications Inc., Camarillo William E. Sheridan, 805/388-1345 or Coffin-KCSA Steven B. Johnson, 818/789-0100 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion