Sign up
Log in Sign up
Wed 18 Nov 2009, 00:24 GMT

WFS announces two-for-one stock split


US firm says stock split will improve liquidity and represents commitment to enhancing shareholder value.

World Fuel Services Corporation (WFS), a global leader in the marketing and sale of marine, aviation and land fuel products and related services, has announced that its Board of Directors has approved a two-for-one stock split of its common stock. The record date for the stock split is November 30, 2009.

Shareholders of record on that date will receive one new share of common stock for each share owned. The distribution of shares to be issued pursuant to the stock split will be made on or about December 7, 2009.

“We remain focused on executing our long-term strategy, providing a superior offering to our customers and improving our global supply relationships,” said Paul H. Stebbins, chairman and chief executive officer of World Fuel Services Corporation.

“We believe that the stock split will improve the liquidity in our stock and represents our continued commitment to enhancing shareholder value,” stated Ira M. Birns, executive vice president and chief financial officer.

Everllence ME-LGIE engine. Everllence and Vale partner on ethanol-powered marine engine development  

Brazilian mining company to develop dual-fuel ethanol engines based on ME-LGI platform.
India flag. Emvolon highlights biomethanol as a solution to unlock India’s biogas potential  

Company says distributed biogas-to-biomethanol production could bridge rural feedstock with maritime fuel demand.
Grande Svezia vessel. Grimaldi's Grande Svezia makes inaugural Le Havre call with ammonia-ready design  

Second of 10 new-generation PCTCs features 5 MWh battery system and cold ironing capability.
Cable lay vessel (CLV) render. Kongsberg Maritime to supply integrated systems for LS Marine Solution cable lay vessel  

Norwegian technology provider wins contract for ultra-large vessel being built at Tersan Shipyard in Türkiye.
Maersk Finisterre vessel. Synergy Marine takes on management of methanol dual-fuel container vessel  

The 5,915-teu Maersk Finisterre joins Synergy's fleet under technical management from Synergy Pacific.
Pristine ABP Port Office. Verde Marine Energy appoints Steve Taylor as UK director  

Taylor will be based on the River Humber, working with Vertom Group businesses.
Ammonia Fuel Supply System (AFSS). Mitsubishi Shipbuilding delivers first ammonia fuel supply systems for marine engines  

Systems shipped to Japan Engine Corporation for integration with an ammonia-fuelled marine engine.
Power2X and HyCC logos. Power2X acquires HyCC to expand green hydrogen portfolio in the Netherlands and Germany  

Deal consolidates clean molecules sector as projects transition from development to large-scale delivery phase.
Person signing a document. RFOcean signs binding e-methanol supply deal with ETFuels from 2030  

European shipping company secures fixed-price green fuel ahead of escalating EU maritime emissions penalties.
Hapag-Lloyd and DSV logo side by side. Hapag-Lloyd and DSV sign 18,000-tonne CO2e reduction agreement for sustainable marine fuels  

Two-year framework allows inclusion of alternative fuels beyond biofuels in shipping decarbonisation partnership.




 Recommended