Central Garden & Pet Announces Stock Dividend
11 Décembre 2023 - 3:03PM
Business Wire
Will Issue One Share of Class A Common Stock
for Every Four Outstanding Shares of Common Stock, Class A Common
Stock and Class B Common Stock
Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA)
(“Central”) announced today that its board of directors declared a
special dividend in the form of one share of Central’s Class A
Common Stock for every four outstanding shares of Central’s Common
Stock, Class A Common Stock and Class B Common Stock.
“We are distributing the Class A Common Stock to enhance the
liquidity of the trading market. We believe the enhanced liquidity
will benefit stockholders and provide Central with increased
flexibility to pursue our growth objectives,” commented Beth
Springer, interim CEO of Central Garden & Pet.
The Class A Common Stock is equal in all respects on a per share
basis to the Common Stock, except the Common Stock has one vote per
share and the Class A Common Stock is non-voting and the trading
prices differ.
Following the distribution, the outstanding shares of Class A
Common Stock will increase from approximately 41.1 million to
approximately 54.6 million. There will be approximately 11.1
million outstanding shares of Common Stock and 1.6 million shares
of Class B Common Stock before and after the distribution.
Dividend shares of Class A Common Stock are expected to be
distributed on February 8, 2024 to stockholders of record on
January 8, 2024. The Class A Common Stock is listed on the NASDAQ
Global Select Market under the symbol “CENTA.”
Stockholders are not required to take any action in order to
receive the stock dividend, and the book entry accounts of the
stockholders of record will automatically be credited with the
additional shares representing the stock dividend. If shares are
held in a brokerage account, the additional shares will be
distributed to the broker on the stockholder’s behalf. The stock
dividend is being administered by Computershare Trust Company,
N.A., Central’s transfer agent.
About Central Garden & Pet
Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA)
understands that home is central to life and has proudly nurtured
happy and healthy homes for over 40 years. With fiscal 2023 net
sales of $3.3 billion, Central is on a mission to lead the future
of the Pet and Garden industries. The Company’s innovative and
trusted products are dedicated to helping lawns grow greener,
gardens bloom bigger, pets live healthier and communities grow
stronger. Central is home to a leading portfolio of more than 65
high-quality brands including Amdro®, Aqueon®, Cadet®, Farnam®,
Ferry-Morse®, Four Paws®, Kaytee®, K&H®, Nylabone® and
Pennington®, strong manufacturing and distribution capabilities and
a passionate, entrepreneurial growth culture. Central is based in
Walnut Creek, California and has 6,700 employees across North
America and Europe. Visit www.central.com to learn more.
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version on businesswire.com: https://www.businesswire.com/news/home/20231211766871/en/
Investor Relations Contact Friederike Edelmann VP of
Investor Relations & Corporate Sustainability (925) 412 6726
fedelmann@central.com
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