Business
Omni-Lite declares third dividend
Omni-Lite declares third dividend.
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\n\nOML-TSX VENTURE EXCHANGE\n\n CERRITOS, CA, Dec. 14 /CNW/ - Upon review of the nine month financial\nresults released on November 17, 2005, the directors of Omni-Lite are pleased\nto announce a dividend of two cents (Canadian) per share for shareholders of\nOmni-Lite's Common shares of record on January 13, 2006. The dividend will be\npayable on January 31, 2006.\n\"Due to the performance of the Company in 2005, we are pleased to\nannounce the third dividend,\" stated David F. Grant, Chairman and CEO. \"As the\nCompany continues to execute its business plan, one of the key benefits will\nbe enhanced shareholder value.\"\nThe board of directors will review the Company's dividend policy on a\nsemi-annual basis.\nPaul Burkey, President and COO, was granted incentive stock options to\npurchase a total of 20,000 common shares of the Corporation, pursuant to the\nCompany's stock option plan approved at the annual general meeting held on\nJune 20, 2003. The options are exercisable for a five-year term at $1.75\n(Canadian) per common share, and vest over three years from the date of grant.\n\nOmni-Lite is a rapidly growing high technology company that develops and\nmanufactures precision components utilized by 140 companies including Boeing,\nAirbus, Alcoa, Daimler-Chrysler, the U.S. Military, Nike, adidas and Reebok.\n\nExcept for historical information contained herein this document contains\nforward-looking statements. These statements contain known and unknown risks\nand uncertainties that may cause the company's actual results or outcomes to\nbe materially different from those anticipated and discussed herein.\n\nTHE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE\nINFORMATION CONTAINED HEREIN.\n\n\n\n","length":1786,"tagName":"div"}]