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THREE FOR TWO STOCK SPLIT ANNOUNCED BY MOOG
15 January 2004 - Moog Controls
| Moog Inc. announced today that its Board of Directors has approved a three-for-two split of both its Class A and Class B common shares. The split will take the form of a 50% stock dividend payable on February 17, 2004 to shareholders of record on January 26, 2004. As a result of the split, shareholders will receive one additional share of stock for every two shares they hold on the record date. |
Moog Inc. announced today that its Board of Directors has approved a three-for-two split of both its Class A and Class B common shares. The split will take the form of a 50% stock dividend payable on February 17, 2004 to shareholders of record on January 26, 2004. As a result of the split, shareholders will receive one additional share of stock for every two shares they hold on the record date. Moog currently has 17.3 million shares of common stock outstanding. The number will increase to approximately 25.9 million shares as a result of the stock split. 'This stock split is intended to further improve our liquidity and to make our shares more accessible, both to institutions and to individual shareholders,' said R.T. Brady, Chairman and CEO. Moog Inc. is a worldwide manufacturer of precision control components and systems. Moog's high-performance actuation products control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles and automated industrial machinery.
http://www.moog.co.uk
About: Moog Controls
Moog Controls started life in the UK in October 1965 as Moog Hydra-Point, based in Cheltenham, England. This new subsidiary was set up to manufacture and market the Moog Hydra-Point machines in the UK, South Africa and European common market.Nearly 40 years later, not only does MCL manufacture a suite of products for motion control applications, they are also active in the design and development of new and innovative solutions for precision control problems. Our team of highly skilled engineers can provide project support to assist our customers in the performance of a wide variety of applications including, motion simulators for training and entertainment, industrial gas turbine controls, plastics machinery controls, heavy industry, metal forming & pressing, and commercial and military ground vehicle controls. All Moog subsidiaries are represented by regional sales engineers backed by comprehensive product and engineering support teams. Add to this the global presence of Moog and you are ensured a competent partner to deliver and service you and your customers needs. MCL employs over 270 people on its Tewkesbury site, accommodated in 3 buildings, producing over 21,500 servovalves per annum. |
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