CBT Group Announces Two-for-One Stock Split.MENLO PARK, Calif.--(BUSINESS WIRE)--Jan. 20, 1998--CBT Group PLC (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 :CBTSY) today announced that its Board of Directors has authorized a two-for-one split of the company's American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. (ADSs). Currently, each ADS represents one-half of one CBT (Computer-Based Training) Using the computer for training and instruction. CBT programs are called "courseware" and provide interactive training sessions for all disciplines. Group Ordinary Share. After the split, each ADS will represent one-fourth of one CBT Group Ordinary Share, and each holder of ADSs will receive one additional ADS for each ADS currently owned. "This share split demonstrates our continuing confidence in our business model and market opportunity, and in our desire to enhance the liquidity of trading in our shares," said William G. McCabe, CBT Group chairman. "Our sound business strategy has enabled us to complete another year of record revenues and earnings. With our plans for continued library expansion, entry into the government and education arenas, and pursuit of new customers in emerging international markets, we believe there are significant opportunities for the future." American Depositary Receipts American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. (ADRs) reflecting the additional ADSs will be distributed on March 9, 1998 to holders of record on March 2, 1998. Under CBT Group's agreement with the Depositary with respect to the ADSs, 30 days notice is required before the split may be effected. As of Jan. 15, 1998, there were approximately 9.98 million Ordinary Shares outstanding. CBT Group PLC is a leading provider of interactive education software designed to meet the information technology training needs of businesses and organizations worldwide. The company develops, publishes and markets a comprehensive library of 558 software titles, covering a range of client-server, Internet, and corporate intranet technologies. CBT Group's products are used by more than 1,576 of the world's leading corporations to train employees to develop and apply mission-critical technologies in the workplace. The company works with leading software companies, including Cisco, Informix, Lotus, Marimba marimba: see xylophone. marimba Xylophone with resonators under each bar. The original African instrument uses tuned calabash resonators. In Mexico and Central America, where it was brought by African slaves, the wooden bars may be affixed to a , Microsoft, Netscape, Novell, Oracle, SAP, Sybase, and the IBM-Netscape-Sun Microsystems Java collaborative education effort to develop and market vendor-specific training. CBT Group has also formed the Internet Security Training Consortium with Check Point Software Technologies, Inc., Cisco Systems, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Intel, the Javasoft business unit of Sun Microsystems, Lotus, Netscape Communications Corp., Network Associates (formerly McAfee Associates), RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. Data Security, Inc., Security Dynamics, and VeriSign, Inc. to address the Internet security training needs of enterprises worldwide. This press release contains statements that are forward looking. These statements are based on current expectations that are subject to risks and uncertainties. Actual results may vary because of factors such as product ship schedules, life cycles, terms and conditions, product mix, competitive products and pricing, customer demand, technological shifts, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and other issues discussed in the company's most recent annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . For information on CBT Group products, call 800/387-0932, fax 650/614-5901, or send an email to salesinfo@cbtsys.com . For investor relations Investor relations The process by which the corporation communicates with its investors. information, call 650/614-5900 x 571 or send an email to cbtir@cbtsys.com . CBT Group is located on the World Wide Web at www.cbtsys.com -0- Note to Editors: CBT Systems and the CBT Systems logo are trademarks of CBT Group PLC. All other company and product names may be trademarks of the respective companies with which they are associated. CONTACT: CBT Group Greg Priest, 650/614-5900 x 123 (Investor Relations) Rich Okumoto, 650/614-5900 x 605 (Investor Relations) Cindy McCaffrey, 650/614-5962 (Media Relations) |
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