Biscayne declares 5% stock dividendfor second year.CLIFTON, N.J.--(BUSINESS WIRE)--March 14, 1995--Biscayne Apparel Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :BHA BHA butylated hydroxyanisole, an antioxidant used in foods, cosmetics, and pharmaceuticals that contain fats or oils. BHA n. A white, waxy phenolic antioxidant used to preserve fats and oils, especially in foods. ) announced Tuesday that its board of directors has declared a 5 percent common stock dividend for Biscayne's common stock for the second consecutive year. Each holder of record of common stock on the close of business on Wednesday, May 24 (``Record Date'') will be entitled to receive one share of common stock for every 20 shares of common stock held as of the Record Date. In lieu of issuing 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. , Biscayne will pay cash to each stockholder otherwise entitled to receive fractional shares in an amount equal to the fractional number of shares, to which such stockholder is entitled, multiplied by $2.125, the closing price of the common stock on March 10 as reported by the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. . The distribution date for the shares of common stock to be issued in connection with the stock dividend and the cash payable in lieu of fractional shares will be May 31. The number of outstanding common shares on Feb. 28 was 10,223,899 and, without accounting for fractional shares, it is estimated that approximately 10,735,093 shares of common stock will be outstanding subsequent to the stock dividend. Biscayne Apparel Inc. is a diversified manufacturer, importer and exporter of apparel. Andy Johns Andy Johns, younger brother of famous Olympic Studios engineer Glyn Johns, father of HURT drummer Evan Johns and uncle of Kings of Leon and Ryan Adams producer Ethan Johns (son of Glyn Johns) is a prolific engineer and producer. Fashions International designs, imports and distributes women's and children's outerwear. M&L International Inc. designs, manufacturers and distributes infants', toddlers', and children's outerwear, sportswear and swimwear. Mackintosh of New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. Co. manufactures and imports women's wool coats and outerwear, and Varon manufactures girls' outerwear and daywear day·wear n. Attire that is appropriate for use during the day. . Biscayne owns a minority interest in Hartwell Sports Inc., which manufactures casual jackets, knit shirts and activewear. CONTACT: Biscayne Apparel Inc., Miami A. Richard Hurwitz, 305/858-2200 or Biscayne Apparel Inc., Clifton Peter Vandenberg Jr., 201/473-3240 |
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