Delaware Notice and Proxy Statement to effect a 2-for-1 split of outstanding common stock
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How to fill out Notice And Proxy Statement To Effect A 2-for-1 Split Of Outstanding Common Stock?
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FAQ
Normally, a stock split will reduce the price per share of each share in proportion to the increase in shares. Using this example, a 2-1 split for a stock trading at $200 would halve the price to $100 and double the number of total shares outstanding.
A stock split is when a company's board of directors issues more shares of stock to its current shareholders without diluting the value of their stakes. A stock split increases the number of shares outstanding and lowers the individual value of each share.
A conventional stock split is a fairly clean increase of position size and a strike price adjustment and doesn't affect the value of an options position. It only means that the investor will be holding a greater number of contracts at a lower price.
Reverse Stock Splits and Increasing Authorized Shares For these actions, under the Amendments, a Delaware corporation would need: (1) the approval of the board of directors and (2) the affirmative vote of a majority of the votes cast by the stockholders entitled to vote on the matter.
Listing Rule 5250(b)(4) will require companies to provide public notice of a reverse split, using a Reg FD-compliant method, no later than p.m. ET at least two business days prior to the proposed market effective date.
After a split, the stock price will be reduced (because the number of shares outstanding has increased). In the example of a 2-for-1 split, the share price will be halved.
Going forward, Delaware companies will not be required to seek shareholder approval for any forward stock split, as long as the class of stock being split is the only class issued by the company.