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National Instruments Corporation Declares 3-for-2 Stock SplitAUSTIN, Texas -- July 22, 1999 -- National Instruments (NASDAQ: NATI) Corporation's Board of Directors has declared a 3-for-2 stock split to be effected as a stock dividend of one share of Common Stock for every two shares of Common Stock outstanding. Stockholders of record on August 5th, 1999 will be entitled to one additional share of Common Stock for every two shares of the Company's Common Stock held on that date. "Our previous stock split successfully increased our trading volume and the liquidity of our stock," according to Dr. James Truchard, President and CEO of National Instruments. "We feel this is a good opportunity to increase the marketability of our shares and make it easier for individuals to invest in the Company." The new stock resulting from the 3-for-2 split will be issued on or about August 20th, 1999 to holders of record as of August 5th, 1999. On June 30 1999, the Company had approximately 33.2 million shares of Common Stock outstanding. After the stock split, the Company will have approximately 49.8 million shares of Common Stock outstanding. Technically, the stock split will be effected in the form of a dividend, which will be paid in newly issued Common Stock in accordance with Delaware corporate law. National Instruments, a leading supplier of computer-based measurement and automation products, manufactures hundreds of software and hardware products which, when combined with industry-standard computers, are used for test, measurement, and industrial automation applications. National Instruments stock is traded on the Nasdaq National Market System under the symbol NATI. Investment information may be obtained from the Company's Investor Relations Department at (512) 683-5090, by sending e-mail to nati@ni.com, or on the Web at www.ni.com/nati
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