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Marlton Shareholders Approve Reverse Stock Split.


PHILADELPHIA Philadelphia, ancient cities
Philadelphia, name of several ancient cities. One was in Lydia, W Asia Minor (now W Turkey). At the foot of Mt. Tmolus and near the location of modern Alaşehir, it was founded in the 2d cent. B.C.
 -- Marlton Marlton can refer to several things:
  • Marlton is a Census-designated place in New Jersey.
  • Marlton is a town in Maryland.
  • Marlton School is a school in Los Angeles, California for deaf and hard of hearing students
 Technologies, Inc. today announced that its shareholders have approved a 1 for 5,000 reverse stock split of its class of Common Stock. The reverse stock split will take effect at the beginning of trading on Wednesday Wednesday: see week. , December 21, 2005. The reverse stock split is expected to reduce the number of Marlton shareholders of record to fewer than 300 persons, and will permit Marlton to deregister the Common Stock as a class and terminate its obligation to file annual, quarterly and other current reports with the Securities and Exchange Commission.

As of the close of business on Tuesday, December 20, 2005, shareholders owning less than 5,000 pre-split shares will be paid $1.25 in cash in exchange for their shares. Shareholders owning more than 5,000 pre-split shares will remain as shareholders of Marlton after the reverse stock split, but will receive $1.25 in cash in exchange for any pre-split shares that would otherwise become 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.
 as a result of the reverse stock split.

The Company will send all of its pre-split shareholders instructions regarding the method of exchanging their old stock certificates for cash and/or new stock certificates. Shareholders should not do anything with their stock certificates until they receive instructions. The post-split Common Stock will be traded on the OTC market Noun 1. OTC market - a stock exchange where securities transactions are made via telephone and computer rather than on the floor of an exchange
over-the-counter market
.

Marlton Technologies, Inc., through its Sparks Sparks, city (1990 pop. 53,367), Washoe co., W Nev., just E of Reno; inc. 1905. The Southern Pacific RR was the major employer until the dieselization of railroad engines forced the closing (1957) of the railroad shops there.  Exhibits & Environments and Sparks Custom Retail subsidiaries, is engaged in the design, marketing and production of trade show, museum, theme park and themed interior exhibits, store fixtures, premium incentive plans, corporate events, and point of purchase displays, both domestically and internationally.
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Publication:Business Wire
Geographic Code:1USA
Date:Dec 19, 2005
Words:266
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