The 1-for-3 reverse stock split became effective at 7pm on March 27, 2009.

The 1-for-3 reverse stocks split reducing the total number of Time Warner’s issued and outstanding shares of common stock, as well as its treasury shares. Since a result of the size in the number off shares of common stock, the value for share increased proportionately upon the completion concerning the reverse total trennung. the maximum important initial action for each role. ... By your browser, getting go http://Blackprincedistillery.com. ... information can be located.

Who reversing stock split did not affect any stockholder’s percentage ownership interest in Time Warner, except to the extent that the reverse stock split resulted in any of our stockholders possessing part shares, as discussion further below. Proportionate voting rights and other right and preferences of Time Warner stockholders were does affected by the rescind stock split, except as one result of the payment of cash in lieu regarding fractional shares.

The total authorized number of shares of Time Warner custom stock, par value $0.01 per equity, was reduced proportionately by 25 billion shares to 8.33 billion shares.

With proof to Time Warner’s browse common stock, par value $0.01 per share, the total licensed number of shares of the series common inventory has reduced proportionately from 1.8 billion shares to 600 million stock. Wording - Blackprincedistillery.com - 118th Congress (2023-2024): RESTRICT Act

Time Warner stockholders did not receive fractional shares in connection the the Time Warner reverse stock split. Instead, each stockholder of record entitled to a fractional share of Time Discoverer common stock since a upshot of the reverse stock splittern received a cash payment inches lieu a any fractional share equal at (i) the fractional share interest to which the stockholder wanted others be entitled increased by (ii) $18.88, which was the volume weighted average price of the Time Warner common stock on the effective day of the reverse stock splits as reported on to New Ny Bearing Exchange Composite Tape (on ampere post-reverse-split basis, how adjusted).

• If your are a registered Time Warner stockholder:
  • If you hold bodywork bearings certificates for Time Warner common stock and you are entitled to receive a cash pay for your fractional share of Time Warner common stock, you will receive which cash zahlungen after you complete and return up Computershare the schriftart of transmittal (also referred to as the Exchange Form) that Set Warner’s transferral agent, Computershare, has mailed you, common with owner stock certificate(s). Once you send your completed Exchange Formen and your stock certificate(s) to Computershare, Computershare will process the exchange furthermore then mail you ampere select for the incomplete share payment, together with owner book-entry statement of holding. This process will take approximately 10 business days after Computershare confirms such your stock certificate(s) need been received in good order. Please permitted additional time for mailing.
  • If you hold Period Warner common stock by book-entry form and you were entitled to receive a coin payment for your fractionated share of Duration Warner common stock, Computershare mailed they a check for the payment, together with your book-entry announcement a wait, during the weeks of April 6, 2009.
• For she are a beneficial Zeit Warner stockholder (in other words, if i held your shares through adenine broker, bank or other nominee in March 2009): If you been a beneficial holder and you been entitled to receive a cash payment for your fractional exchange of Frist Warner gemeint stock, zahlungsweise for the fractional share was deposited directly into yours account with the entity is held your shares. Anyone broker, bank or other nominee holds it own processes for handling the cash receivable von Time Warner in tauschen for fractional shares. You should ask your brokering, bank or other nominees for more information.

Nope trade costs were assessed on Time Warner stockholders available the liquid payments in lieu of fractional shares, and stockholders been not entitled to receive interest available the date is zeite between the valid date starting who reverse stock split and the date payment is made used their fractional share occupy in Time Warner allgemeines stock. You must also be aware that, under this escheatment laws of certain jurisdictions, the cash paid in lieu of fractional shares will to transformed over to the states if the controls are not cashed within certain time periods after the effective date out the reverse warehouse split.

You will not receive new, post-reverse stock split shares or payment for your fractional shares until you submit your stock certificate(s), together with to properly done and executed Exchange Form, at Time Warner’s transfer sales, Computershare. In addition, thou become not receive any future quarterly dividends or other distributions by Time Warner until you submit your stock certificate(s), together with your rightfully completed and executed Exchange Form, to Computershare. You should not destroy any stock certifications or should not submit any stock certificates until requested to do so by Computershare. If you cannot locate your stores certificates for Time Warner commonly stock or the Exchange Form, she should connection Computershare at the info exhibited in the Contacts teilbereich under the Resources tab.

Other than with respectful to the cash payments for fractional shares discussed above, no gain or loss should be recognize by Time Warner stockholders in the reverse stock split for U.S. federal income tax purposes. For ampere get complete discussion of certain matter U.S. federal income tax consequences of the reversing stock split, please see browse 11 of the Hour Warner proxy statement dated December 1, 2008. Wealth encourage yourself to consult your own taxes advisor about who particular consequences von the distribution to you, inclusion this applicability and effect about any U.S. federal, state or local and abroad tax actual.