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Sico Announces a Share Split of its Common Shares and Class B Preferred Shares

Published on 2005-05-23. Author : SpecialChem

LONGUEUIL, Quebec -- Sico Inc. ("Sico") announces that it has received the regulatory approval for the split of its common shares which will be posted for trading at the opening of business on Friday, May 27, 2005 on a two-for-one split basis. The subdivision will be effected by issuing on or about May 30, 2005 to common shareholders of record as of the close of business on May 26, 2005 their certificate for one additional common share for each common share held as of such record date.

The common shares will commence trading on an split basis at the opening of business on Tuesday, May 24, 2005 and therefore, such shares will open at a price that should be approximately half of the closing price of May 20, 2005.

Profile

In business since 1937, SICO is the largest company in Canada specializing in the development, manufacture and marketing of paints, coatings and related products. In the architectural market, its primary sector, SICO distinguishes itself for its innovative, high-quality products enjoying strong brand recognition, and the scope of its distribution network, which includes more than 2,400 points of sale throughout the country. SICO also markets metal coatings, mainly for the transportation material industry, the heavy equipment and the specialized equipment industry in North America. SICO employs nearly 1,000 people in Canada, the United States and Mexico.

Source: Sico Inc.


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