Activision Inc. (NASDAQ:ATVI) announced today (Sept. 28, 2005) a four-for-three stock split of its outstanding shares of common stock to be distributed as a 33-1/3% common stock dividend.
The stock dividend is payable Oct 24, 2005, to stockholders of record at the close of business on Oct. 10. Stockholders will receive one additional share of common stock for every three shares held on the record date. Fractions of shares will be dealt with as a cash payment based on the average of the high and low sales prices of the common stock on the record date, as adjusted for the split.
This will give Activision approximately 273,000,000 shares of common stock outstanding after the split.
"We are thrilled that Activision's record growth and investors' confidence in our future have made this possible," said Robert A. Kotick, chairman/ceo of Activision. "The stock split was motivated by a strong desire on our part to obtain a broader range of investors and improve the market liquidity in our stock and by our confidence that the value of our stock will continue to increase over time."
Headquartered in Santa Monica, California, Activision (www.activision.com) is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products. Founded in 1979, Activision posted net revenues of $1.4 billion for the fiscal year ended March 31, 2005. Activision maintains operations in the U.S., Canada, the U.K., France, Germany, Italy, Japan, Australia, Scandinavia, Spain and the Netherlands.