HANS Declares Four-for-One Stock Split
June 12, 2006 07:00:02 (ET)
CORONA, Calif., Jun 12, 2006 (BUSINESS WIRE) -- Hansen Natural Corporation (HANS, Trade) today announced that its Board of Directors has declared a 4-for-1 split of its common stock which will be effected in the form of a 300% stock dividend. Shareholders will be entitled to receive three additional shares for each share held. The new shares will be distributed via mail or electronically on or after July 7, 2006 to the record holders of the Company's common stock as of the close of business (EST) on June 30, 2006.
As of today, there are approximately 22,676,583 million shares of the Company's common stock outstanding. After the distribution of the stock dividend, there will be approximately 90,706,332 million shares of the Company's common stock outstanding. Fractional shares resulting from the stock dividend will be paid in cash in lieu of issuing fractional shares in an amount equal to such fraction multiplied by the closing price of the Common Stock on June 30, 2006. The Company expects that its stock will begin to trade on a post-split basis on July 10, 2006.
