Advertisement

Communications Company Declares Stock Split

Share

The board of directors for AML Communications in Camarillo has declared a three-for-two stock split.

The new shares--one additional share of common stock for every two shares currently held by stockholders--will be issued on June 28 to stockholders of record as of the close of trading on the Nasdaq on Wednesday. Cash will be paid in lieu of fractional shares.

AML currently has about 3.89 million common shares outstanding; after the stock split, the company will have about 5.84 million shares outstanding.

Advertisement

“AML’s continued growth has contributed to a substantial appreciation in its share price and made it possible for the board to take this action,” said Jacob Inbar, chairman and chief executive officer.

AML Communications designs and manufactures multi-carrier amplifiers, repeaters and related products for the cellular and other communications markets.

Advertisement