Delta Natural Gas Company, Inc. Receives Regulatory Approval for Two-for-One Stock Split (April 17, 2012 Record Date)
10 4월 2012 - 3:49AM
Business Wire
The Board of Directors of Delta Natural Gas Company, Inc.
(NASDAQ: DGAS), at its meeting on February 17, 2012, declared a
two-for-one stock split of the Corporation’s issued and outstanding
common stock for shareholders of record as of April 17, 2012. In
its Order dated March 8, 2012, the Kentucky Public Service
Commission approved the two-for-one stock split. The additional
shares to be issued in the stock split are expected to be
distributed, and the stock split completed, on May 1, 2012.
As a result of the two-for-one stock split, for every one share
of Delta Natural Gas Company, Inc. common stock owned by a
shareholder as of the close of business on April 17, 2012, the
shareholder will on May 1, 2012 own two shares of Delta Natural Gas
Company, Inc. common stock. Delta Natural Gas Company, Inc. is
expected to commence trading on the NASDAQ Global Market on a
post-split basis at the opening of the market on May 2, 2012.
The Company currently has 3,407,550 shares of common stock
outstanding. After the stock split, the current number of shares of
common stock outstanding will increase to 6,815,100 shares.
For additional information and a list of frequently asked
questions (FAQs) related to the two-for-one stock split, please
refer to Delta Natural Gas Company’s website at
www.deltagas.com.
Glenn R. Jennings, Chairman of the Board, President and Chief
Executive Officer of Delta Natural Gas Company, Inc., stated, “We
would like to thank all shareholders for their continued support
and trust in Delta Natural Gas Company, Inc.”
Delta Natural Gas Company, Inc. is engaged primarily in the
distribution, transmission, storage and production of natural gas
serving approximately 37,000 customers. Delta Natural Gas Company,
Inc. owns and operates gas storage facilities and approximately
2,500 miles of natural gas gathering, transmission, distribution
and service lines in 23 central and southeastern Kentucky counties.
The Company may be contacted at (859) 744-6171 or 3617 Lexington
Road, Winchester, Kentucky 40391. The Company’s website
is: www.deltagas.com.
Delta Natural Gas Company, Inc. (NASDAQ:DGAS)
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