Energy & Technology Corp plans to issue five-for-one forward stock split
Mon. December 21, 2009; Posted: 04:44 AM
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Dec 21, 2009 (M2 EQUITYBITES via COMTEX) -- ENGT | Quote | Chart | News | PowerRating -- The board of directors of Energy & Technology Corp (OTCBB:ENGT), a provider of rig, integrated systems, down hole tools, OCTG tubing and casing, line pipe, drill pipe, drilling tools and supply chain solutions, reported on Friday that the company has secured approval to issue an five-for-one forward stock split of its additional shares.
The forward stock split will be in the form of a stock dividend which will be paid to the company's shareholders.
This forward split will be effective after FINRA approval and is expected to take place on or after 1 January 2010.
Following the stock split, shareholders of common stock will receive an additional four shares for each share held at the date of record.