SASKATOON The board of POTASH CORP. OF SASKATCHEWAN has approved a two-for-one stock split of the company’s outstanding common shares. Payable in the form of a stock dividend, all shareholders will receive one additional share for each share owned on Aug. 11, 2004.
Shareholders should retain the Potash Corp. stock certificates they now hold, and the transfer agent CIBC Mellon will mail new certificates on Aug. 17, 2004. When the split is complete, the company will have approximately 107 million shares outstanding.
The board of directors also declared a quarterly cash dividend of US$0.15/common share on a post-split basis. It will be payable on Nov. 15 to shareholders of record on Oct. 25, 2004.
Complete information is posted at www.PotashCorp.com.