“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.”
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
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