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CMG Computer Modelling Group Ltd

12.68
-0.06 (-0.47%)
21 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% 12.68 12.63 12.77 12.76 12.45 12.64 246,787 21:11:35

Computer Modelling Group Confirms Details of Stock Split "Due Bill" Trading

27/05/2014 9:13pm

Marketwired Canada


Computer Modelling Group Ltd. ("CMG" or the "Company") (TSX:CMG) confirms, in
connection with its announcement May 21, 2014 that its Board of Directors has
approved a stock split of CMG's issued and outstanding common shares of the
Company (the "Common Shares") by way of stock dividend on a two-for-one basis,
that the Common Shares will be traded in accordance with the "due bill"
procedures of the Toronto Stock Exchange.


The Common Shares will commence trading on a "due bill" basis at the opening on
June 23, 2014 until July 2, 2014 inclusively. The Company's Common Shares will
be posted for and commence trading on an "ex-dividend" basis with respect to the
stock dividend on July 3, 2014 and the due bill redemption date will be July 7,
2014. 


Each CMG shareholder will receive one additional Common Share for every Common
Share held on June 25, 2014, the record date set for the stock split. 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.


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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