Engineered Support Reconfirms 3-for-2 Stock Split
15 April 2005 - 7:30AM
PR Newswire (US)
Engineered Support Reconfirms 3-for-2 Stock Split ST. LOUIS, April
14 /PRNewswire-FirstCall/ -- The Engineered Support Systems, Inc.
(NASDAQ:EASI) 3-for-2 stock split previously announced on March 1,
2005 will be distributed in the form of a 50 percent stock dividend
on Friday, April 15, 2005 to all shareholders as of that date. The
Company currently has approximately 27.8 million shares of common
stock outstanding and, after the split, the number of shares
outstanding will increase to approximately 41.7 million. As a
result of the stock split, Engineered Support's shares will then
begin trading on an adjusted price basis, which will be
approximately 33% below today's closing price, effective Monday,
April 18, 2005. The semi-annual cash dividend of $.018 (or 1.8
cents) per share will remain unchanged, according to Michael F.
Shanahan, Sr., Chairman. Engineered Support Systems, Inc. provides
advanced sustainment solutions including the design, manufacture
and supply of integrated military electronics, support equipment
and technical and logistics services for all branches of America's
armed forces and certain foreign militaries, homeland security
forces and selected government and intelligence agencies. The
company also produces specialized equipment and systems for
commercial and industrial applications. For additional information,
please visit the Company's website at
http://www.engineeredsupport.com/ . DATASOURCE: Engineered Support
Systems, Inc. CONTACT: Larry Cox, Communications Mgr of Engineered
Support Systems, Inc., +1-314-553-4960, Web site:
http://www.engineeredsupport.com/
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