Access Health, Inc. announces a three-for-two stock split.RANCHO CORDOVA Rancho Cordova (răn`chō kôrdō`və), uninc. residential city (1990 pop. 48,731), Sacramento co., N Calif. A suburb of Sacramento, it experienced rapid growth in the late 20th cent. , Calif.--(BUSINESS WIRE)--Jan. 31, 1996--Access Health, 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 : ACCS ACCS Air Command and Control System (NATO) ACCS Advanced Cisco Campus Switching ACCS Association of Copyright for Computer Software ACCS Air Command & Control System ACCS Airborne Command & Control Squadron ) announced today that its board of directors has approved a three-for-two split of its common stock. The stock split will be effected as a stock dividend. Stockholders of record as of the close of business on February 15, 1996 will be issued a certificate representing one-half (0.5) additional share for each share held on the record date. These certificates will be distributed on February 29, 1996. Stockholders will receive cash payments 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. in connection with the stock dividend. The stock split will increase the number of shares of common stock outstanding from approximately 8,141,357 shares to approximately 12,212,036 shares. The company's transfer agent is First National Bank of Boston. Kenneth B. Plumlee, the president of the company, stated that the board of directors authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: the stock split with the intention of benefiting the stockholders by obtaining wider distribution and better market liquidity for the company's common stock. Access Health, Inc. is a leading provider of personal health management services designed to help health plans, HMOs, self-insured employers, and hospital-based delivery systems improve the quality of care, reduce costs, and improve member satisfaction. Its services include health information, prevention, and care management programs that are designed to improve access and promote individual responsibility for managing health among consumers. Access Health is headquartered at 11020 White Rock Rd., Rancho Cordova, Calif., 95670. The phone number is 916/851-4000, fax is 916/852-3890 and World Wide Web Address is http://www.access-health.com. CONTACT: Access Health Matt Plavan, 916/851-4000 or White & Co. Laura Hawkins, 415/274-8100 |
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