Haemonetics (HAE) Executes 2-For-1 Split

December 3, 2012 8:15 AM EST
Haemonetics Corporation (NYSE: HAE) has effected a 2-for-1 split of all shares of its common stock, in the form of a 100 percent stock dividend. Each outstanding share of the Company's pre-split common stock, including shares subject to outstanding stock options and shares available for grant under the Company's equity incentive plans, was split into two shares effective 5:00pm Eastern Time on November 30, 2012.

The shares of common stock issued pursuant to the split will be delivered to the Company's stockholders of record as of the record date, November 9, 2012. The split affected all stockholders uniformly and did not alter any stockholder's ownership percentage. The Company's common stock will begin trading on a post-split basis on the New York Stock Exchange at the opening of trading today, December 3, 2012.

The Company expects that this split will make its shares more accessible and increase its shareholder base, thereby improving its market liquidity. Additionally this stock split reflects the Company's confidence in its strength and ability to continue to generate long term growth and financial performance.

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