CIMdata PLM Industry Summary Online Archive
5 August 2004
Financial News
ANSYS Announces 2-for-1 Stock Split
ANSYS, Inc. ( http://www.ansys.com ) announced that its Board of Directors has approved a 2-for-1 stock split of the Company's common shares. The stock split will be in the form of a stock dividend to be distributed on October 4, 2004 to holders of record at the close of business on September 3, 2004. Stockholders of record will be issued one additional share of common stock for every share of common stock held. ANSYS currently has approximately 15.5 million shares of common stock issued and outstanding. The number will increase to approximately 31.0 million shares as a result of the stock split.
Jim Cashman, ANSYS President and CEO, stated, "The stock split demonstrates the Board of Directors' and management's confidence in the Company's strong fundamentals and the long-term opportunities that lie ahead. In addition, the split is intended to further improve our liquidity and to make our shares more accessible to institutions and individual stockholders."
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