Shaw Communications Approves 2:1 Stock Split

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6:45 am on July 13, 2007 | Category: Business, Corporate

Shaw Communications announced on Wednesday that its shareholders have approved a two-for-one stock split affecting all outstanding Class A Participating Shares and Class B Non-Voting Participating Shares.

The split will take effect on July 30, at which time the company will issue new share certificates, doubling the number of shares owned by each investor on record.

Shaw Communications or its transfer agent, CIBC Mellon Trust Company, is expected to mail out the new certificates on August 2, 2007. Old certificates should be retained by investors, and not mailed back to Shaw or its transfer agent, the company said in a statement.