Universal Bioenergy Inc. (fka UBRG)

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Final Approval for Distribution of Stock Dividend.



On June 6, 2012, the Company passed a new Resolution to distribute a common stock dividend to our shareholders on a 10 for 2 basis. The Company received the final notification and confirmation from FINRA on June 29, 2012 announcing the final approval to distribute the common stock dividend to our shareholders. The final notification is posted on FINRA’s, OTC Bulletin Board website at www.otcbb.com, under the tab “Daily List”, and the “Headlines By Date”, 2012 Daily List Index for dividends for June 29, 2012.



The Company will issue two (2) shares of common stock for every ten (10) shares of common stock held by the shareholders of record in accordance with the following information and time frames;



a. Declaration Date: June 6, 2012 - Date the Board of Directors formally authorized the dividend.
b. Ex-Dividend Date: July 11, 2012 – The ex-dividend date is set by FINRA. You must have purchased your stock at least one day before the ex-dividend date, (on or before July 10, 2012, the in-dividend date), to be a shareholder of record, and be entitled to the dividend. This allows for three stock trading days prior to the date of record for the settlement of the stock purchase.
c. Record Date: July 13, 2012 - The dividend shall be distributed only to registered “shareholders of record” on or before this date.
d. Payment Date: July 20, 2012 – Final date of payment or distribution of the dividend to the shareholders of record.
e. * Freely tradable shares shall be issued to all shareholders holding free trading shares as of the Record Date, e.g., shares held by CEDE as nominee. These shares will be issued in a hard certificate form without a legend.



f. Restricted shares in a hard certificate, (with a legend), shall be issued to all shareholders with restricted shares as of the Record Date.
g. Shares in hard certificate form (with a legend), shall be issued to all banks, stock brokerage houses and clearing agents.
h. No fractional shares will be issued for this dividend. All dividends shall be rounded up to the nearest whole number of shares when fractional shares occur. No cash payments will be made for any fractional shares.



The processing of the stock dividend should be completed by the transfer agent within 2 to 3 days after the Payment Date. The transfer agent is duly authorized to process the stock dividend and it has all of the instructions to distribute the shares. All freely tradable shares will be distributed, (in hard certificate form), to the shareholders nominee such as a bank, broker dealer or the Depository Trust Company (DTC) through its partnership nominee CEDE & Company, for distribution to the broker dealers, who will deposit them into the accounts of the beneficial shareholders. Restricted shares shall be issued in a hard certificate form and sent via certified mail to all shareholders with restricted shares as of the record date.



Read more: http://www.faqs.org/sec-filings/120703/Universal-Bioenergy-Inc_8-K/#ixzz21UOYkrf8