03:39:12 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



SecureCom Mobile Inc
Symbol SCE
Shares Issued 30,294,684
Close 2014-10-01 C$ 0.70
Market Cap C$ 21,206,279
Recent Sedar Documents

SecureCom Mobile to split stock 2 for 1

2014-10-01 20:18 ET - News Release

Mr. Peter Wilson reports

SECURECOM MOBILE INC. ANNOUNCES PLANS FOR STOCK SPLIT

SecureCom Mobile Inc. intends to complete a forward stock split. The 2-for-1 forward stock split has an intended record date of Oct. 7, 2014.

The company intends to execute the forward split using the push-out method, whereby the shareholders keep the shares they currently hold, and the shareholders of record as of the close of business on the record date are issued additional shares by the company's transfer agent.

One additional common share shall be issued for each one common share held as of the close of business on the record date. The company anticipates that the additional shares will be issued to holders on or about Oct. 8, 2014.

Shareholders holding their shares electronically in a brokerage account or other intermediary will have their accounts automatically updated in accordance with the stock split.

Registered shareholders holding shares via DRS (direct registration system) statement will be issued additional shares through DRS. DRS is an electronic form of share registration in book-entry form. Rather than delivering physical share certificates, the company's transfer agent, Equity Financial Trust Co., will on the delivery date issue a "DRS advice" to each holder confirming the additional shares issued and registered electronically in DRS.

Registered shareholders holding physical share certificates should retain their current share certificates, which will remain valid and continue to represent the number of shares indicated on those certificates. Share certificates representing additional shares issuable as a result of the stock split will be mailed to registered shareholderson or about the delivery date. The combination of the current share certificates and the additional share certificates will represent each shareholder's total postsplit shareholdings. Any shareholder holding restricted securities will be issued an additional restricted physical share certificate. This will not be issued in DRS.

The company currently has 30,294,684 issued and outstanding common shares. Upon completion of the forward split, the company will have 60,589,368 issued and outstanding common shares.

We seek Safe Harbor.

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