Business
RS Technologies Announces Completion of Share Consolidation
RS Technologies Announces Completion of Share Consolidation
About this update from Real Estate Split Corp Class A
[{"type":"text","content":"\n\n\n\n Nov. 29, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, Nov. 29 /CNW/ - RS Technologies Inc. ("RS") (RS - TSX), a technology innovator and manufacturer of advanced\n composite products for infrastructure markets, announced today that the\n consolidation (the "Consolidation") on a one for 200 basis of the common shares of RS (the "Common Shares") was approved by shareholders of RS at RS's special meeting held today\n and effected thereafter. On a post-Consolidation basis, RS has\n approximately 11,148,650 Common Shares outstanding. It is anticipated\n that the Common Shares will start trading on the Toronto Stock Exchange\n on a post-Consolidation basis on or about December 2, 2010.\n\n\nRegistered holders of Common Shares were previously mailed a Letter of\n Transmittal in respect of the Consolidation. Registered holders should\n submit their Common Share certificates, together with the duly\n completed and signed Letter of Transmittal, to RS's transfer agent in\n accordance with the instructions in the Letter of Transmittal.\n\n\n"The capital structure of the company now provides a more effective\n platform for the management team at RS to move the company forward and\n build shareholder value," commented Paul Giannelia, President and Chief\n Executive Officer of RS.\n\n\nRS also announced that at the special meeting, its shareholders approved\n the private placement of warrants to purchase 2,309,360\n post-Consolidati...