APPLICATIONS
ANSYS Announces 2-for-1 Stock Split
ANSYS announced that its Board of Directors has approved a 2-for-1 stock split of the Company's common shares. The stock split will be in the form of a stock dividend to be distributed on June 4, 2007 to holders of record at the close of business on May 25, 2007. Stockholders of record will be issued one additional share of common stock for every share of common stock held. ANSYS currently has approximately 38.8 million shares of common stock issued and outstanding. The number will increase to approximately 77.6 million shares as a result of the stock split.
Jim Cashman, ANSYS President and CEO, stated, "Today's announcement of a stock split is indicative of the Board of Director's and management's confidence in the Company's current business momentum, combined with the long-term opportunities that lie ahead. This split is designed to further improve our overall trading liquidity by making our shares more accessible to institutions and individual stockholders."