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Couche-Tard announces share split.

Global Banking News-September 5, 2019-Couche-Tard announces share split

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Fuel dispensing company Alimentation Couche-Tard Inc (TSX:ATD.A) (TSX:ATD.B) said on Wednesday that its board of directors has authorised the two-for-one split of its Class A multiple voting shares (ATD.A) and Class B subordinate voting shares (ATD.B).

The share split follows regulatory approval from the Toronto Stock Exchange (TSX).

In conjunction, the company has set the record date of the share split as of 20 September 2019 and the payment date of 27 September 2019,

On 30 September 2019, the company's Class A shares and the Class B shares will commence trading on a "post-split" basis. The due bill redemption date will be 1 October 2019.

Following the share split, the company's board of directors plans to change its quarterly dividend from CAD0.125 to CAD0.0625 per share for each of the Class A shares and Class B shares held.

((Distributed via M2 Communications - http://www.m2.com))

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Publication:Global Banking News (GBN)
Date:Sep 5, 2019
Words:170
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