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NICE » Topics » NICE Announces Two-for-One Stock Split

This excerpt taken from the NICE 6-K filed May 18, 2006.

NICE Announces Two-for-One Stock Split

 

Ra`anana, Israel, May 18, 2006 - NICE Systems (NASDAQ: NICE), the global provider of advanced solutions that enable organizations to extract Insight from Interactions(TM) to drive performance, today announced that the Board of Directors has approved a two-for-one stock split of the Company's Ordinary Shares/ADRs, which will be effected in the form of a 100% stock dividend. Shareholders of record at the close of business on May 30, 2006, the record date, will receive one additional Ordinary Share/ADR for each Ordinary Share/ADR held.

It is expected that the payment date on TASE will be June 1, 2006 and that payment by the Company's depositary for ADRs, The Bank of New York, will be effected on or about June 6, 2006.

The ex-dividend date for purposes of trading of the Ordinary Shares on the NASDAQ National Market and the Tel Aviv Stock Exchange (TASE) will be May 31, 2006.  

 

 

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