United States Lime & Minerals Announces 5-for-1 Stock Split
May 06 2024 - 4:05PM
United States Lime & Minerals, Inc. (NASDAQ: USLM) (the
“Company”) today announced that it will conduct a split of its
outstanding shares of common stock at a ratio of 5:1, effected in
the form of a stock dividend of four additional shares of common
stock for each share outstanding. The Company’s Board of Directors
determined that, with the significant growth of the trading price
for the Company’s common stock over the past several years, the
stock split is appropriate to make the Company’s common stock more
affordable on a per-share basis to certain investors and employees
and to narrow the bid and ask prices of the common stock.
The dividend of shares to be issued in the stock split will be
payable after the market close on Friday, July 12, 2024 to
shareholders of record at the close of business on June 21, 2024.
Shareholders will receive a dividend of four additional shares of
common stock for each share held. The Company’s common stock will
begin trading on a post-split basis at the market open on Monday,
July 15, 2024, under the Company’s existing trading symbol
“USLM.”
The stock split will increase the number of shares of the
Company’s issued and outstanding common stock from approximately
5.7 million shares to approximately 28.5 million shares.
United States Lime & Minerals, Inc., a
NASDAQ-listed public company with headquarters in Dallas, Texas, is
a manufacturer of lime and limestone products, supplying primarily
the construction (including highway, road and building
contractors), industrial (including paper and glass manufacturers),
metals (including steel producers), environmental (including
municipal sanitation and water treatment facilities and flue gas
treatment processes), roof shingle manufacturers, oil and gas
services, and agriculture (including poultry producers) industries.
The Company operates lime and limestone plants and distribution
facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma,
and Texas through its wholly owned subsidiaries, Arkansas Lime
Company, ART Quarry TRS LLC (DBA Carthage Crushed Limestone),
Colorado Lime Company, Mill Creek Dolomite, LLC, Texas Lime
Company, U.S. Lime Company, U.S. Lime Company-Shreveport, U.S. Lime
Company-St. Clair, and U.S. Lime Company-Transportation. In
addition, the Company, through its wholly owned subsidiary, U.S.
Lime Company-O & G, LLC, has royalty and non-operated
working interests in natural gas wells located in Johnson County,
Texas, in the Barnett Shale Formation.
Any statements contained in this news release, including, but
not limited to, statements relating to the impact of a stock split,
that are not statements of historical fact are forward-looking
statements as defined in the Private Securities Litigation Reform
Act of 1995. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, and investors are
cautioned that such statements involve risks and uncertainties that
could cause actual results to differ materially from expectations,
including without limitation those risks and uncertainties
indicated from time to time in the Company’s filings with the
Securities and Exchange Commission.
Contact: Timothy W. Byrne |
(972) 991-8400 |
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