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Badger Daylighting Ltd. Announces Three-For-One Share Split and January Cash Dividend
Badger Daylighting Ltd. Announces Three-For-One Share Split and January Cash Dividend Share...
About this update from Badger Infrastructure Solutions Ltd
[{"type":"text","content":"Badger Daylighting Ltd. Announces Three-For-One Share Split and January Cash DividendBadger Daylighting Ltd. Announces Three-For-One Share Split and January Cash Dividend\n\nShare Split\n\nCalgary, Alberta CANADA, January 13, 2014 /FSC/ - Badger Daylighting Ltd. (BAD - TSX), (\"Badger\") announces that its board of directors has approved the split of all of the issued and outstanding common shares of Badger on a basis of three (3) common shares for every one (1) existing common share held. As a result of the split, Badger's issued capital will triple from approximately 12.34 million to approximately 37.03 million common shares. Badger has determined to proceed with the share split in order to provide increased liquidity in its shares.\n\nThe record date for the share split will be the close of business on January 24, 2014.  The payment date, being the date that additional common shares issuable as a result of the share split will be issued, will be on January 27, 2014.  Ex-distribution trading in the common shares on split-adjusted basis will commence on January 28, 2014.\n\nThe Toronto Stock Exchange has determined to implement due bill trading in connection with the share split. A due bill is an entitlement attached to listed securities undergoing a material corporate action, such as a share split. In this instance, the entitlement is to the additional common shares of Badger issuable as a result of the share split. The common shares will trade on a due bill basis from January 22, 2014 to January 27, 2014 inclusive. Any trades that are executed during this period will be flagged to ensure purchasers receive the entitlement to the additional common shares issuable as a result of the share split. The due bill redemption date will be January 29, 2014. \n\nFor beneficial shareholders who hold their shares in an account with their investment dealer or other intermediary, their account will be automatically updated to reflect the share split.\n\nRegistered shareholders should retain their current Badger share certificates which will remain valid, and continue to represent the number of Badger shares indicated on those certificates. Share certificates representing additional common shares of Badger issuable as a result of the share split will be mailed to registered shareholders, at their address as shown on the r...