Computer Modelling Group Confirms Details of Stock Split "Due Bill" Trading
27 Mai 2014 - 10:13PM
Marketwired
Computer Modelling Group Confirms Details of Stock Split "Due Bill"
Trading
CALGARY, ALBERTA--(Marketwired - May 27, 2014) - Computer
Modelling Group Ltd. ("CMG" or the "Company") (TSX:CMG) confirms,
in connection with its announcement May 21, 2014 that its Board of
Directors has approved a stock split of CMG's issued and
outstanding common shares of the Company (the "Common Shares") by
way of stock dividend on a two-for-one basis, that the Common
Shares will be traded in accordance with the "due bill" procedures
of the Toronto Stock Exchange.
The Common Shares will commence trading on a "due bill" basis at
the opening on June 23, 2014 until July 2, 2014 inclusively. The
Company's Common Shares will be posted for and commence trading on
an "ex-dividend" basis with respect to the stock dividend on July
3, 2014 and the due bill redemption date will be July 7, 2014.
Each CMG shareholder will receive one additional Common Share
for every Common Share held on June 25, 2014, the record date set
for the stock split. It is expected that certificates representing
the additional Common Shares resulting from the stock split will be
mailed to CMG's registered shareholders on or about July 2, 2014.
No action is required to be taken by the shareholders.
Computer Modelling Group Ltd. is a computer software technology
and consulting company serving the oil and gas industry. CMG,
recognized by oil and gas companies worldwide as a leading
developer of reservoir modelling software, has sales and technical
support services based in Calgary, Houston, London, Caracas, Dubai,
Bogota and Kuala Lumpur. CMG is the leading supplier of advanced
processes reservoir modelling software in the world with a blue
chip client base of international oil companies and technology
centers in over 50 countries. The Company's shares are listed on
the Toronto Stock Exchange under the trading symbol "CMG."
Computer Modelling Group Ltd.Kenneth M. DedelukPresident &
CEO(403) 531-1300ken.dedeluk@cmgl.caComputer Modelling Group
Ltd.Sandra BalicVice President, Finance & CFO(403)
531-1300sandra.balic@cmgl.cawww.cmgl.ca
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