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LinuxPR: Magic Software Enterprises to Call Special Meeting of Shareholders to Approve Stock Split

Nov 30, 1999, 21:10 (0 Talkback[s])

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"Increase in Share Capital Authorized by Board of Directors."

"Magic Software...announced that its board of directors has approved, subject to shareholder approval, a three-for-one split of the company's common stock. The proposed split would increase the number of shares outstanding of Magic from approximately 8.5 million shares as of Nov. 30, 1999, to approximately 25 million shares."

"The board also authorized a special meeting of shareholders for the purposes of approving the stock split and the proposed share increase. The special shareholders meeting is expected to be held on or about Jan. 24, 2000. If the shareholders approve the stock split and the proposed increase in the share capital, the stock split will be implemented as soon as practicable following the special meeting."

Press Release