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CMG Computer Modelling Group Ltd

12.96
0.06 (0.47%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Computer Modelling Group Ltd TSX:CMG Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.06 0.47% 12.96 12.87 13.04 13.05 12.78 12.90 90,717 21:11:13

Computer Modelling Group Announces Stock Split

21/05/2014 11:35pm

Marketwired Canada


Computer Modelling Group Ltd. (TSX:CMG) ("CMG" or the "Company") announces that
its Board of Directors has approved a stock split of CMG's issued and
outstanding Common Shares on a two-for-one basis. The record date for the stock
split is June 25, 2014.


Each CMG shareholder will receive one additional Common Share for every Common
Share held on the stock split record date. It is expected that certificates
representing the additional Common Shares resulting from the stock split will be
mailed to CMG's registered shareholders on or about July 2, 2014. No action is
required to be taken by the shareholders.


CMG's name and trading symbol will not change as a result of the stock split.
The Common Shares are expected to commence trading on the Toronto Stock Exchange
on a post-stock split basis on June 23, 2014, being the second trading day
preceding the stock split record date.


The previously declared quarterly dividend payable on June 13, 2014 will be paid
on a pre-split basis at $0.20 per Common Share and, going forward, the Company
intends to maintain its dividend policy as adjusted to take into account the
stock split.


It is expected that the increased number of outstanding Common Shares resulting
from the stock split will provide a greater opportunity for investors to become
shareholders of CMG and increase liquidity in CMG's listed securities.


Computer Modelling Group Ltd. is a computer software technology and consulting
company serving the oil and gas industry. CMG, recognized by oil and gas
companies worldwide as a leading developer of reservoir modelling software, has
sales and technical support services based in Calgary, Houston, London, Caracas,
Dubai, Bogota and Kuala Lumpur. CMG is the leading supplier of advanced
processes reservoir modelling software in the world with a blue chip client base
of international oil companies and technology centers in over 50 countries. The
Company's shares are listed on the Toronto Stock Exchange under the trading
symbol "CMG".


FOR FURTHER INFORMATION PLEASE CONTACT: 
Computer Modelling Group Ltd.
Kenneth M. Dedeluk
President & CEO
(403) 531-1300
ken.dedeluk@cmgl.ca


Computer Modelling Group Ltd.
Sandra Balic
Vice President, Finance & CFO
(403) 531-1300
sandra.balic@cmgl.ca
www.cmgl.ca

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