Aeropostale Inc, a mall-based specialty retailer of casual and active apparel for young women and men, announced a 3-for-2 stock split on all shares of its common stock, which will be effected in the form of a stock dividend. The stock split will entitle all shareholders of record at the close of business on August 6, 2007 to receive one additional share of Aeropostale common stock for every two shares of common stock held on that date.
The additional shares will be distributed to shareholders on or about August 21, 2007. Cash will be paid in lieu of issuing fractional shares based on the closing price of the company's common stock on August 21, 2007 (as adjusted for the stock split). Aeropostale has approximately 51.8 million shares outstanding, and after giving effect to the stock split, will have approximately 77.7 million shares outstanding.
The Company also announced that, at its 2007 Annual Meeting of Shareholders held on June 20, 2007, the Company's shareholders voted to approve an amendment to the Company's Amended and Restated 2002 Long-Term Incentive Plan, providing for an increase in the number of shares authorized to be issued under the Plan by an additional 2,500,000 shares.
Aeropostale Inc, is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men. The company provides customers with a focused selection of high-quality, active-oriented, fashion and fashion basic merchandise at compelling values.
marketing@alchempro.com
