Core Laboratories Confirms Two-for-One Stock Split Effective 8 July 2010; Stock to Open at Split-Adjusted Price on 9 July 2010
AMSTERDAM, July 8 /PRNewswire-FirstCall/ -- Core Laboratories N.V. (NYSE: CLB) has confirmed that its two-for-one stock split approved at the Annual Meeting of Shareholders on 10 June 2010 will occur after the NYSE market closing on Thursday, 8 July 2010. At that time, all outstanding shares held as of the record date of 30 June 2010 will be split two-for-one, and the additional shares will be distributed electronically by the Company's transfer agent. The Company's shares will begin trading at the split-adjusted trading price 9 July 2010.
Core Laboratories N.V. (www.corelab.com) is a leading provider of proprietary and patented reservoir description, production enhancement, and reservoir management services used to optimize petroleum reservoir performance. The Company has over 70 offices in more than 50 countries and is located in every major oil-producing province in the world.
This release includes forward-looking statements regarding the future revenues, profitability, business strategies and developments of the Company made in reliance upon the safe harbor provisions of Federal securities law. The Company's outlook is subject to various important cautionary factors, including risks and uncertainties related to the oil and natural gas industry, business conditions, international markets, international political climates and other factors as more fully described in the Company's 2009 Form 10-K filed on 19 February 2010, and in other securities filings. These important factors could cause the Company's actual results to differ materially from those described in these forward-looking statements. Such statements are based on current expectations of the Company's performance and are subject to a variety of factors, some of which are not under the control of the Company. Because the information herein is based solely on data currently available, and because it is subject to change as a result of changes in conditions over which the Company has no control or influence, such forward-looking statements should not be viewed as assurance regarding the Company's future performance. The Company undertakes no obligation to publicly update any forward-looking statement to reflect events or circumstances that may arise after the date of this press release.
SOURCE Core Laboratories
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