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Press release from Marketwire

Computer Modelling Group Announces Stock Split

Wednesday, May 25, 2011

Computer Modelling Group Announces Stock Split17:42 EDT Wednesday, May 25, 2011CALGARY, ALBERTA--(Marketwire - May 25, 2011) - Computer Modelling Group Ltd. (TSX:CMG) ("CMG" or the "Company") announces that its Board of Directors has approved a stock split of CMG's issued and outstanding Common Shares on a two-for-one basis. The record date for the stock split is June 22, 2011.Each CMG shareholder will receive one additional Common Share for every Common Share held on the stock split record date. It is expected that certificates representing the additional Common Shares resulting from the stock split will be mailed to CMG's registered shareholders on or about June 30, 2011. No action is required to be taken by the shareholders.CMG's name and trading symbol will not change as a result of the stock split. The Common Shares are expected to commence trading on the Toronto Stock Exchange on a post-stock split basis on June 20, 2011, being the second trading day preceding the stock split record date. The previously declared quarterly and special dividends payable on June 15, 2011 will be paid on a pre-split basis at $0.41 per Common Share and, going forward, the Company intends to maintain its dividend policy as adjusted to take into account the stock split.It is expected that the increased number of outstanding Common Shares resulting from the stock split will provide a greater opportunity for investors to become shareholders of CMG and increase liquidity in CMG's listed securities. CMG currently has 18,241,837 Common Shares issued and outstanding and will have 36,483,674 Common Shares issued and outstanding upon completion of the stock split.Computer Modelling Group Ltd. is a computer software technology and consulting company serving the oil and gas industry. CMG, recognized by oil and gas companies worldwide as a leading developer of reservoir modelling software, has sales and technical support services based in Calgary, Houston, London, Caracas and Dubai. CMG is the leading supplier of advanced processes reservoir modelling software in the world with a blue chip client base of international oil companies and technology centers in approximately 50 countries. The Company's shares are listed on the Toronto Stock Exchange under the trading symbol "CMG."Forward Looking Statements: The reader should be aware that historical results are not necessarily indicative of future performance. Certain statements in this press release may constitute forward-looking statements, which can generally be identified as such because of the context of the statements including words such as the Company believes, anticipates, expects, plans, estimates or words of a similar nature. The forward-looking statements are based on current expectations and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results.FOR FURTHER INFORMATION PLEASE CONTACT: Kenneth M. DedelukComputer Modelling Group Ltd.President & CEO(403) 531-1300ken.dedeluk@cmgl.caORJohn KalmanComputer Modelling Group Ltd.Vice President, Finance & CFO(403) 531-1300john.kalman@cmgl.cawww.cmgl.ca