Omni-Lite to pay two-cent dividend; grants options
Omni-Lite Industries Canada Inc.
December 14, 2005
Upon review of the nine-month financial results reported on Nov. 17, 2005, Omni-Lite Industries Canada Inc. is declaring a dividend of two cents per share for shareholders of Omni-Lite's common shares of record on Jan. 13, 2006. The dividend will be payable on Jan. 31, 2006.
"Due to the performance of the company in 2005, we are pleased to announce the third dividend," stated David F. Grant, chairman and chief executive officer. "As the company continues to execute its business plan, one of the key benefits will be enhanced shareholder value."
The board of directors will review the company's dividend policy on a semi-annual basis.
Paul Burkey, president and chief operating officer, was granted incentive stock options to purchase a total of 20,000 common shares of the corporation, pursuant to the company's stock option plan approved at the annual general meeting held on June 20, 2003. The options are exercisable for a five-year term at $1.75 per common share and vest over three years from the date of grant.
Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein.
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE
INFORMATION CONTAINED HEREIN.
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