Polaris International Holdings, Inc. Effectuated 20:1 Forward Stock Split
29 Abril 2009 - 8:30AM
Marketwired
Polaris International Holdings., Inc. (PINKSHEETS: PIHN) announced
that the Company effectuated a 20:1 forward stock split on Friday,
April 24, 2009.
All shareholders of record at the close of Friday, April 24,
shall receive an additional 19 shares for each share owned.
As a result, the Company's issued and outstanding share capital
has increased from 101,981,000 shares of common stock to
2,039,620,000 shares of common stock. The Company also amended its
Articles of Incorporation to increase its authorized shares of
capital stock to 7,000,000,000 and issued 100,000 shares of
preferred stock.
"These actions by the Board are a clear indication of the
confidence we have in our ability to continue driving growth and
creating value for our shareholders by capitalizing on the exciting
opportunities, both short- and long-term, that lie ahead," said
Kuni Misawa, President and CEO of Polaris International Holdings,
Inc. "The split and increase will make Polaris common stock more
widely available to a larger pool of investors, including our
current shareholders."
Contact: Polaris International Holdings, Inc. Kuni Misawa Ph.
(310) 849-1094 Email Contact
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