SAN JOSE, Calif., March 25 /PRNewswire/ -- SDL, Inc. (Nasdaq: SDLI) today
announced that its Board of Directors has approved a two-for-one stock split
to be effected in the form of a stock dividend. The split is subject to
stockholder approval of an increase in the company's authorized shares of
Common Stock to 70 million shares. Stockholders will vote on the proposed
increase in the authorized capital at the Company's annual meeting of
stockholders to be held on May 13, 1999. The stock split would increase the
number of SDL shares outstanding from approximately 14,650,000 to
approximately 29,300,000.
The record date for the Annual Meeting was March 19, 1999, and, subject to
stockholder approval, the record date for the stock split is expected to be
May 14, 1999 and the expected mailing date of certificates representing the
additional shares is expected to be approximately June 10, 1999. Assuming
approval by the stockholders of the increase in Common Stock, SDL expects its
Common Stock to begin trading on a post-split basis on approximately June 11,
1999.
SDL designs, manufactures and markets fiber optic-related products, lasers
and optoelectronic based systems. The company's products are used in a
diversity of markets such as telecommunications, cable television, dense
wavelength division multiplexing, satellite communications, printing, medical,
and materials processing markets.
SOURCE SDL, Inc.
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CONTACT: Donald R. Scifres, Chairman and CEO, or Michael L. Foster, VP Finance and CFO, 408-943-9411, both of SDL, Inc., or General info., Lisa Chainey or Jose Mallabo, Investor Contact, Kristi Larson, or Media, Scott Marx, all of the Financial Relations Board, 415-986-1591
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