Stellarton, NS-based diversified food distribution giant Empire Company has announced that, subject to confirmation at a second meeting of its Class B shareholders, its shareholders have approved a 2 for 1 share split of its Class B and Non-Voting Class A shares.
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The approval was given at its Annual General and Special Meeting held yesterday [Thursday]. The confirmatory meeting will be held on 26 September. Subject to the approval of the Toronto Stock Exchange, share certificates representing the additional shares will be issued to the Class B and Non-Voting Class A shareholders of record on 7 October.
In addition, subject to confirmation on 26 September by the Class B preferred shareholders, the shareholders approved the creation of a new class of preferred shares, the 2002 Preferred Shares.
