Ansoft (NASDAQ:ANST)
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Ansoft Corporation ("Ansoft") (NASDAQ:ANST) announced
today that its stockholders have approved both measures submitted for
approval at Ansoft's special stockholders' meeting held today at
Ansoft's headquarters:
-- Stockholders approved an amendment to Ansoft's Amended
Certificate of Incorporation increasing the number of
authorized shares of Ansoft stock from 25,000,000 shares of
common stock to 50,000,000 shares of common stock.
-- Stockholders approved Ansoft's 2006 Stock Incentive Plan that
replaces the 1995 Stock Option Plan which expired in 2005.
Both measures are fully described in Ansoft's proxy statement for
today's special meeting, copies of which may be obtained from the
investor relations portion of Ansoft's Website at
http://www.ansoft.com/about/investor/index.cfm.
As previously announced on March 7, 2006, Ansoft is enacting a
2-for-1 stock split in the form of a 100% stock dividend with a record
date of May 2, 2006 and a payable date of May 9, 2006. It is expected
that shares of Ansoft Corporation common stock will begin trading on a
split basis at the beginning of trading on Wednesday, May 10, 2006.
The exact timing will depend upon processing of the transaction by the
Nasdaq National Market System.
Ansoft stockholders will receive one additional share of common
stock for every one share of common stock held as of May 2, 2006. Upon
the anticipated effective date of May 10, 2006, the total number of
outstanding shares of Ansoft common stock will be approximately
23,700,000.
Ansoft is a leading developer of high-performance electronic
design automation (EDA) software. Engineers use Ansoft software to
design state-of-the-art electronic products, such as cellular phones,
internet access devices, broadband networking components and systems,
integrated circuits (ICs), printed circuit boards (PCBs), automotive
electronic systems and power electronics. Ansoft markets its products
worldwide through its own direct sales force and has comprehensive
customer-support and training offices throughout North America, Asia
and Europe.
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Act of 1995. These forward-looking statements involve risks
and uncertainties about the Company's business that are detailed from
time to time in the Company's SEC reports, including the reports on
Form 10-K for the year ended April 30, 2005.
For further information regarding risks and uncertainties
associated with Ansoft's business, please refer to the "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" section of Ansoft's SEC filings, including, but not
limited to, its annual report on Form 10-K and quarterly reports on
Form 10-Q, copies of which may be obtained at Ansoft's website at
www.ansoft.com/about/investor/index.cfm.
All information in this release is as of April 20, 2006. Ansoft
undertakes no duty to update any forward-looking statement to conform
the statement to actual results or changes in the Company's
expectations.