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Densan System Co Ltd to Split Stock; Announces Partial Change to Article of Incorporation of Authorized Share Number; Lowers Year-end Dividend Forecast for FY 2013

Tuesday, 30 Apr 2013 02:30am EDT 

Densan System Co Ltd announced that it has decided to split one share of its common stock into two shares, effective July 1, 2013. After the stock splitting, the total share outstanding will become 9,417,400. The Company has received approval from the shareholders meeting to make partial change to its article of incorporation. Based on change to article six, the Company will increase total number of authorized shares from 14,880,000 shares to 29,760,000 shares. The Company has also lowered the year-end dividend forecast from JPY 20 per share to JPY 10 per share for the fiscal year ending December 31, 2013. 

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8.0 +0.69%
2:00am EDT