ICON plc ('ICON' or the 'Company') Proposed Bonus Share Issue to double number of shares in issue
17 Junho 2008 - 7:00AM
Business Wire
ICON plc (NASDAQ:ICLR) (ISIN: IE0001827041), a global provider of
outsourced development services to the pharmaceutical,
biotechnology and medical device industries, today announced that
its board of directors (the �Board�) has recommended a Bonus Share
Issue. This proposal is subject to approval by the shareholders of
the Company at the AGM to be held at The Conference Centre, ICON
plc Headquarters, South County Business Park, Leopardstown, Dublin
18, Ireland on July 21, 2008. If ratified by shareholders, the
Company will issue one new ordinary share for each ordinary share
held by shareholders of record on August 8, 2008 (the �Record
Date�). The Board intends to effect the Bonus Share Issue to double
the amount of the Company�s issued share capital. Each Shareholder
will receive one new Ordinary Share for every one existing Ordinary
Share (or ADS as the case may be) held on the Record Date. The
Board believes that the Bonus Share Issue will increase the
liquidity and marketability of the stock. The proposal will not
affect Shareholders underlying interests and their entitlements to
the earnings and net assets of the Company. The Notice of the AGM
and Form of Proxy together with the Company�s Annual Report for
2007 are being posted to shareholders on Tuesday June 17, 2008. A
copy of the Annual Report, Notice of the AGM and Form of Proxy are
also being submitted to the Irish Stock Exchange and will shortly
be available for inspection at the: Company Announcements
Office,Irish Stock Exchange,28 Anglesea Street,Dublin
2,Ireland(Telephone number +353 1 6174200) ICON plc is a global
provider of outsourced development services to the pharmaceutical,
biotechnology and medical device industries. The Company
specializes in the strategic development, management and analysis
of programs that support clinical development - from compound
selection to Phase I-IV clinical studies. ICON teams have
successfully conducted over 1,900 development projects and over
2,300 consultancy engagements across all major therapeutic areas.
ICON currently has approximately 6,150 employees, operating from 69
locations in 36 countries. Further information is available at
www.iconplc.com.
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