The Lululemon Athletica Inc. board of directors has established July 8, 2011 as the record date for the previously announced two-for-one stock split of the company’s common stock. The companyâ€s common stock is expected to commence trading on a post-split basis on the Toronto Stock Exchange on July 6, 2011, and on a post-split basis on the Nasdaq Stock Market on July 12, 2011. Following the effectiveness of the stock split, LULU will have approximately 108 million shares of Common Stock issued and outstanding.
Stockholders may retain their existing share certificates and need not return their share certificates to the companyâ€s transfer agent. Stock certificates or book-entries dated as of a date prior to the effective time of the stock split representing outstanding shares of common stock will, immediately after the effective time of the stock split, and without any further action by the stockholder, represent a number of shares equal to the same number of shares of common stock as is reflected on the face of such certificates or book-entries, multiplied by two.
