Cox Communications Announces Record Date of Stock Split.ATLANTA--(BUSINESS WIRE)--April 29, 1999-- Cox Communications Cox Communications is a privately owned subsidiary of Cox Enterprises providing digital cable television and telecommunications services in the United States. It is the third-largest[2] cable television provider in the United States, serving more than 6. , Inc. announced today that the record date of its previously announced two-for-one stock split will be May 14, 1999. Stockholders will vote on the proposed stock split at Cox's Annual Meeting on May 13, and Cox expects to file amendments to its Articles of Incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. giving effect to the stock split on May 14. Distribution of the additional split shares will occur on May 21 by book-entry or, if requested, by mailing of physical stock certificates. After that date, shareholders wishing to receive the stock certificates should call First Chicago Trust Company of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of at 201-324-1225 to arrange distribution. The split for each class of Cox stock (Class A Common Stock, Class C Common Stock and Series A Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. ) requires a separate vote by holders of that class. If they approve the split, Cox's Articles of Incorporation will be amended to increase the amount of authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. for each class. Cox Enterprises, Inc., which controls 71.9% of the outstanding Class A Common Stock and 100% of the Class C Common Stock, is expected to vote for the amendments for the Class A Common Stock and the Class C Common Stock. It is anticipated that the holders of the Series A Preferred Stock will also approve the split of their shares. Cox Communications, Inc. (NYSE NYSE See: New York Stock Exchange :COX) is among the nation's leading broadband communications companies, serving 3.8 million customers. As a full-service provider of telecommunications products, Cox offers an array of services, including cable television under the Cox Cable brand; local and long distance telephone services under the Cox Digital Telephone brand; high speed Internet access via Cox@Home; advanced digital video programming services under the Cox Digital TV brand; and commercial voice and data services via Cox Business Services. Cox is an investor in several telecommunications companies, including AT&T, Sprint PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. and @Home Network, as well as numerous programming networks, including Discovery Channel, The Learning Channel, Outdoor Life and Speedvision. More information about Cox Communications can be accessed on the Internet at www.cox.com. |
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