COSTA MESA, Calif.–(BUSINESS WIRE)–March 19, 1999–Steven L. Brink, Chief Financial Officer of Quiksilver, Inc. (NYSE:ZQK), today announced at the Company’s annual meeting of stockholders, that the Board of Directors had declared a three-for-two stock split to be effected by the distribution of one additional share of the Company’s common stock for every two shares currently outstanding.
The additional shares will be distributed on April 23, 1999 to stockholders of record on April 15, 1999. Quiksilver, Inc. currently has approximately 14,740,000 shares outstanding, and after giving effect to the stock split, will have approximately 22,110,000 shares outstanding.
Mr. Brink said, “The three-for-two stock split was declared to increase the number of shares for trading and to continue to attract a broader shareholder base.”
Quiksilver, Inc. and its wholly-owned subsidiaries design, arrange for the manufacture of, and distribute casual sportswear, snowboardwear and swimwear primarily for young men, boys and young women under the Quiksilver, Quiksilver Roxy, Raisins, Radio Fiji, Leilani, and QS Silver Edition labels, and manufacture snowboards, snowboard boots and bindings under the Lib Tech, Gnu, Arcane and Bent Metal labels. The Company selectively distributes its products in surf shops, snowboard shops, specialty stores and department stores in the USA, Europe and Japan.
Robert B. McKnight, Jr., 714/722-4257
Steven L. Brink, 714/722-4324
James K. White, 562/437-0655