Ansoft Corporation Announces That Stockholders Approve Proposals and the Timing of Its 2-for-1 Stock Split
April 20 2006 - 12:00PM
Business Wire
Ansoft Corporation ("Ansoft") (NASDAQ:ANST) announced today that
its stockholders have approved both measures submitted for approval
at Ansoft's special stockholders' meeting held today at Ansoft's
headquarters: -- Stockholders approved an amendment to Ansoft's
Amended Certificate of Incorporation increasing the number of
authorized shares of Ansoft stock from 25,000,000 shares of common
stock to 50,000,000 shares of common stock. -- Stockholders
approved Ansoft's 2006 Stock Incentive Plan that replaces the 1995
Stock Option Plan which expired in 2005. Both measures are fully
described in Ansoft's proxy statement for today's special meeting,
copies of which may be obtained from the investor relations portion
of Ansoft's Website at
http://www.ansoft.com/about/investor/index.cfm. As previously
announced on March 7, 2006, Ansoft is enacting a 2-for-1 stock
split in the form of a 100% stock dividend with a record date of
May 2, 2006 and a payable date of May 9, 2006. It is expected that
shares of Ansoft Corporation common stock will begin trading on a
split basis at the beginning of trading on Wednesday, May 10, 2006.
The exact timing will depend upon processing of the transaction by
the Nasdaq National Market System. Ansoft stockholders will receive
one additional share of common stock for every one share of common
stock held as of May 2, 2006. Upon the anticipated effective date
of May 10, 2006, the total number of outstanding shares of Ansoft
common stock will be approximately 23,700,000. Ansoft is a leading
developer of high-performance electronic design automation (EDA)
software. Engineers use Ansoft software to design state-of-the-art
electronic products, such as cellular phones, internet access
devices, broadband networking components and systems, integrated
circuits (ICs), printed circuit boards (PCBs), automotive
electronic systems and power electronics. Ansoft markets its
products worldwide through its own direct sales force and has
comprehensive customer-support and training offices throughout
North America, Asia and Europe. This press release contains
forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Act of 1995.
These forward-looking statements involve risks and uncertainties
about the Company's business that are detailed from time to time in
the Company's SEC reports, including the reports on Form 10-K for
the year ended April 30, 2005. For further information regarding
risks and uncertainties associated with Ansoft's business, please
refer to the "Management's Discussion and Analysis of Financial
Condition and Results of Operations" section of Ansoft's SEC
filings, including, but not limited to, its annual report on Form
10-K and quarterly reports on Form 10-Q, copies of which may be
obtained at Ansoft's website at
www.ansoft.com/about/investor/index.cfm. All information in this
release is as of April 20, 2006. Ansoft undertakes no duty to
update any forward-looking statement to conform the statement to
actual results or changes in the Company's expectations.
Ansoft (NASDAQ:ANST)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ansoft (NASDAQ:ANST)
Historical Stock Chart
From Jul 2023 to Jul 2024