Loading...
Loading...
Air Methods Corporation
, the global leader in air medical transportation, today
announced that its Board of Directors approved a three-for-one stock split of
the Company's common stock.
Implementation of the stock split is subject to approval by the Company's
shareholders of an increase in the number of authorized shares from 28.5
million to 85.5 million. These matters will be voted on at a special
shareholder meeting anticipated to be held on or around November 19, 2012.
Each shareholder of record on the close of business on the record date will
receive two additional shares of common stock for each share held on such
date.
This will be the first stock split in the Company's history. Additional
details of the special meeting and the proposed split will be included in a
proxy statement, which will be distributed in connection with the special
meeting.
"We are pleased with the Company's strong business performance and the
long-term value that it has delivered to our shareholders and believe this
stock split may broaden our investor base," said Aaron Todd, the Company's
Chief Executive Officer and member of the Company's Board of Directors. Mr.
Todd added that, "The stock split further reflects the Company's continued
confidence in its ability to generate long-term growth and financial
performance."
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: NewsStock Split
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in