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Form 8-K JEWETT CAMERON TRADING For: May 09

May 9, 2018 5:17 PM EDT



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549


FORM 8-K


CURRENT REPORT


Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934


Date of Report (Date of Earliest event reported):  May 9, 2018

-------------------------------------------------------------------------------------


JEWETT-CAMERON TRADING COMPANY LTD.

(Exact name of registrant as specified in its charter)


BRITISH COLUMBIA

 

000-19954

 

NONE


(State or other jurisdiction of incorporation)

 


(Commission file no.)

 


(I.R.S. employer

identification no.)

 

 

 

 

 


32275 N.W. Hillcrest, North Plains, Oregon

 

 

 


97133


(Address of principal executive offices)

 

 

 


(Zip code)

 

 

 

 

 


(503) 647-0110

_________________________________________________________________

(Registrant's telephone No. including area code)



Not Applicable

_________________________________________________________________

(Former Name or Former Address, if Changed since Last Report)

_________________________


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below:


[   ]

Written communications pursuant to Rule 425 under the Securities Act (17 CRF 230.425).

[   ]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[   ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[   ]

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.14e-4(c))


 

 

 

 

 

 

 

 

 



Item 8.01  Other Events


The Jewett-Cameron Board of Directors approved a two-for-one split of the Company's common stock. Shareholders will receive one additional common share for each common share held as of the record date. The record date is the close of business on May 22, 2018, and the distribution of the new shares is scheduled for on or about May 25, 2018.


A copy of the news release dated May 9, 2018 is attached as exhibit 99.1 herein.


 

 

 

 

 

 

 

 

 


Item 9.01 Financial Statements and Exhibits


Exhibit No.

Description


99.1

News release dated May 9, 2018.



 

 

 

 

 

 

 

 

 


SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.


 

 

JEWETT-CAMERON TRADING COMPANY LTD.

 

 

 

Date: May 9, 2018

 

By: /s/  “Charles Hopewell

 

 

Name: Charles Hopewell,

Title: President/Chief Executive Officer/

CFO/Director



Jewett-Cameron Announces 2 for 1 Stock Split


North Plains, Oregon, May 9, 2018 – The Board of Directors of Jewett-Cameron Trading Company Ltd. (NASDAQ: JCTCF) have approved a two-for-one split of the Company's common stock.


"We have completed several common share repurchase plans since our last stock split in 2013 that have reduced the number of common shares outstanding,” said CEO Charlie Hopewell.  “This new stock split is expected to increase the liquidity and availability of our shares and could facilitate any new repurchase programs that may be approved by the Board of Directors in the future.”


The record date for the two-for-one stock split is the close of business on May 22nd, with the distribution of new shares scheduled for on or about May 25th, 2018. As a result of the split, shareholders will receive one additional common share for each common share they hold as of the record date. The total number of common shares outstanding will increase from 2,234,494 to 4,468,988.


Jewett-Cameron Trading Company is a holding company that, through its subsidiaries (Jewett-Cameron Companies), operate out of facilities located in North Plains, Oregon. Those businesses consist of the manufacturing and distribution of patented and patent pending specialty metal products, wholesale distribution of wood products, seed processing and sales, and sales of industrial tools and clamps. The Company’s brands include Lucky Dog, Animal House and AKC licensed products in the expanding pet market; fencing products under the Adjust-A-Gates, Fit-Right, Perimeter Patrol, and INFINITY Euro fence systems brands; Early Start, Spring Gardner, and Weatherguard for greenhouses; and TrueShade for patio umbrellas, furniture covers and canopies. Additional information about the Company and its products can be found the Company’s website at www.jewettcameron.com.


Forward-looking Statements


The information in this release contains certain forward-looking statements that anticipate future trends and events.  These statements are based on certain assumptions that may prove to be erroneous and are subject to certain risks, including but not limited to, the uncertainties of the Company’s new product introductions, the risks of increased competition and technological change in the Company’s industry, and other factors detailed in the Company’s SEC filings.  Accordingly, actual results may differ, possibly materially, from predictions contained herein.


Contact: Charlie Hopewell, President & CEO, (503) 647-0110


Source: Jewett-Cameron Trading Company Ltd.





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