Onyx Service & Solutions Inc. ONYX today announced that on December 15, 2011 its Board of Directors declared a 3-for-1 split of its common stock. The split will be effectuated in the form of a stock dividend to shareholders of record on December 30, 2011. Subject to FINRA approval, the company's transfer agent will process the dividend with an effective date of January 4, 2012. Shareholders will receive two additional shares for each share of common stock held on the record date.
As of today, there are 22,309,000 shares of the company's common stock issued and outstanding. Immediately following the distribution of the stock dividend, there will be 66,927,000 shares of the company's common stock issued and outstanding.
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