TORONTO, May 14 /CNW/ - On May 14, 2007, the shareholders of Leon's Furniture Limited ("Leon's") approved the previously announced split of its common shares on a four for one basis at its Annual and Special Meeting of Shareholders. As a result of the four for one split, shareholders of record as of the close of business on June 29, 2007 will receive three additional shares of Leon's for each share held.
It is expected that the common shares of Leon's will begin trading on the Toronto Stock Exchange on a split-adjusted basis on June 27, 2007.
In addition, the shareholders of Leon's approved the split of all of Leon's issued and outstanding series of Convertible Non-Voting Shares on a four for one basis.
It is important that shareholders retain both their existing share certificates and the new share certificates that will be mailed to them in July 2007 as these certificates together represent their Leon's holding.
LEON'S FURNITURE LIMITED
Terrence T. Leon
President & C.E.O.