Annapolis Bancorp Declares 4-For-3 Stock Split.Business Editors ANNAPOLIS, Md.--(BUSINESS WIRE)--July 20, 2001 The Board of Directors of Annapolis Bancorp, 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 :ANNB) today announced a four-for-three stock split in the form of a stock dividend. Shareholders of record on August 3, 2001 will receive one additional share of Annapolis Bancorp, Inc. common stock for every three shares they own. There are presently 2,240,556 shares of Annapolis Bancorp, Inc. common stock outstanding. The stock dividend will be payable on August 24, 2001, at which time new shares will be distributed by the company's transfer agent, Registrar and Transfer Company. No 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. will be issued in connection with the stock dividend. "This stock dividend demonstrates our continuing confidence in the company's financial performance," said Richard M. Lerner, Chairman and Chief Executive Officer of Annapolis Bancorp, Inc. "This move should help improve market liquidity and broaden ownership of the company's stock." Lerner added that the stock dividend declared today is in lieu of a cash dividend for the second quarter. Annapolis Bancorp, Inc. is the parent company of BankAnnapolis, which serves the banking needs of small businesses, professional concerns, and individuals through five community banking offices located in Anne Arundel and Queen Anne's counties in Maryland This is a list of the twenty-four counties and county-equivalents in the U.S. state of Maryland. Though an independent city rather than a county, the City of Baltimore is considered the equal of a county for most purposes and is a county-equivalent. . In March of this year, the company moved into a new wholly owned four-story headquarters building located at 1000 Bestgate Road in Annapolis, directly across from the Annapolis Mall The Annapolis Mall, officially known as Westfield Annapolis, is a shopping mall owned by The Westfield Group, and is located near U.S. Route 50 and Interstate 97 in Annapolis, Maryland. . "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve a number of risks and uncertainties. Although the Corporation has used its best efforts to be accurate in making these forward-looking statements, it is possible that the assumptions made by management may not materialize. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion