Product category:
CAD draughting software
News Release from: Ansoft Europe
Edited by the Manufacturingtalk Editorial
Team on 09 March 2006
Ansoft 2-for-1 Stock Split
Ansoft Corporation Board of Directors Approve 2-for-1 Stock Split
Ansoft Corporation has announced that its Board of Directors approved a 2-for-1 stock split in the form of a 100% stock dividend subject to the Company's stockholders voting in favor of a proposal to increase the authorized common stock of the Company by 25 million shares to 50 million shares If the share increase is approved, holders of record on the close of business on May 2, 2006 would be entitled to receive on or about May 9, 2006 one additional share for each share held on May 2, 2006
This article was originally published on Manufacturingtalk on 27 Apr 2007 at 8.00am (UK)
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Stockholders will be asked to vote on the proposed amendment to the Company's Certificate of Incorporation to increase authorized common stock at a Special Meeting of stockholders scheduled to be held on April 20, 2006 at the corporate offices of Ansoft.
At the Special Meeting, stockholders also will be asked to approve a new Stock Incentive Plan that replaces the 1995 Stock Option Plan which expired in 2005.
Copies of the 2006 Stock Incentive Plan along with a description of its features will be contained in the proxy being sent to stockholders.
Further information regarding the Special Meeting and the record date for stockholders entitled to vote at the Special Meeting will be contained in the proxy that will be distributed at least 20 days prior to the Special Meeting.
Nicholas Csendes, Ansoft's president and CEO, said "This April will be the tenth year since Ansoft went public at $8.50 a share".
"It is with great satisfaction that we at Ansoft will mark this tenth anniversary by implementing a 2-for-1 stock split".
"I would like to thank the employees and shareholders of Ansoft for their effort and support that contributed greatly to our success." Ansoft is a leading developer of high-performance electronic design automation (EDA) software.
Engineers use Ansoft software to design state-of-the-art electronic products, such as cellular phones, internet access devices, broadband networking components and systems, integrated circuits (ICs), printed circuit boards (PCBs), automotive electronic systems and power electronics.
Ansoft markets its products worldwide through its own direct sales force and has comprehensive customer-support and training offices throughout North America, Asia and Europe.
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