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NIFTY Corp Announces Stock Split and Partial Change to Article of Incorporation of Authorized Share Number; Amends Year-end Dividend Forecast for FY 2014


Friday, 17 May 2013 04:00am EDT 

NIFTY Corp announced that it has decided to split one share of its stock into 100 shares, effective October 1, 2013. After the stock split, the total share outstanding will become 22,780,000 shares. The Company has received approval from the shareholders meeting to make partial change to its article of incorporation, effective October 1, 2013. Based on change to article six, the Company will change total number of authorized shares from 800,000 shares to 80,000,000 shares. As a result, the Company has amended its year-end dividend forecast from JPY 2,000 per share to JPY 20 per share, for the fiscal year ending March 2014. 

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