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i2 schließt umgekehrten Aktiensplit ab
Ticker Symbol Changes to “ITWH" Effective
i2 Technologies, Inc. (OTC: ITWO), a leading provider of demand-driven supply chain solutions designed to enable business agility, today announced that the company has completed a reverse split of its common stock. The company's common stock will commence trading under the symbol "ITWH" on the over-the-counter Pink Sheets when trading begins at 9:30 am EST, Thursday, February 17.
The new symbol results from the implementation of a reverse split of the company’s outstanding common stock at a 1-for-25 ratio. On a pre-split basis, i2 had 465,244,366 shares of common stock outstanding as of the end of the trading day on February 16, 2005. As a result of the reverse split, every 25 shares of common stock have been combined into one share of common stock and the total number of outstanding shares of common stock has been reduced to approximately 18.6 million shares.
In addition, the number of shares of common stock that may be issued upon the exercise of outstanding options and the conversion of outstanding preferred stock will be reduced proportionately. Instead of issuing any fractional shares as a result of the reverse split, stockholders will receive cash payments for such fractions after i2's transfer agent sells all of the aggregated fractional shares of common stock. Except for any changes as a result of the treatment of fractional shares, each holder of i2 common stock holds the same percentage of common stock outstanding immediately after the reverse stock split as such stockholder held immediately prior to the split.
As previously announced, the i2 Board of Directors approved the implementation of the reverse split in order to return the company's share price to a level that will satisfy the minimum bid price requirements for re-listing the common stock on the NASDAQ National Market.
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