Unisys Corporation (NYSE:UIS) today announced that the previously
announced one-for-ten reverse split of its common stock will become
effective as of 11:59 p.m. tonight and that Unisys shares will trade on
a post-split basis beginning on Monday, October 26, 2009 when the market
opens. The new CUSIP number for the company’s common stock will be
909214306.
The reverse stock split will automatically combine every ten shares of
Unisys common stock into one share of common stock. As of today, there
were approximately 423 million shares of Unisys common stock
outstanding. After giving effect to the reverse stock split, there will
be approximately 42.3 million shares outstanding. No fractional shares
will be issued in connection with the reverse stock split. Instead, the
company’s transfer agent will aggregate all of the fractional shares
that otherwise would have been issued as a result of the reverse stock
split and sell those shares. Stockholders who would otherwise hold a
fractional share of the company’s common stock will receive a cash
payment in lieu of such fractional share equal to their pro rata share
of the proceeds received by the transfer agent.
Instructions and a letter of transmittal relating to the reverse stock
split will be mailed to holders of certificates representing pre-split
common stock.
About Unisys
Unisys is a worldwide information technology company. We provide a
portfolio of IT services, software, and technology that solves critical
problems for clients. We specialize in helping clients secure their
operations, increase the efficiency and utilization of their data
centers, enhance support to their end users and constituents, and
modernize their enterprise applications. To provide these services and
solutions, we bring together offerings and capabilities in outsourcing
services, systems integration and consulting services, infrastructure
services, maintenance services, and high-end server technology. With
more than 26,000 employees, Unisys serves commercial organizations and
government agencies throughout the world. For more information, visit www.unisys.com.
Forward-Looking Statements
Any statements contained in this release that are not historical facts
are forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include, but
are not limited to, any statements of the company’s plans, strategies or
objectives for future operations; statements regarding future economic
conditions or performance; and any statements of belief or expectation.
All forward-looking statements rely on assumptions and are subject to
various risks and uncertainties that could cause actual results to
differ materially from expectations. Risks and uncertainties that could
affect the company’s future results include the company’s ability to
refinance its debt; the economic and business environment; the company’s
ability to access external credit markets; the company’s significant
pension obligations; the success of the company’s turnaround program;
aggressive competition in the information services and technology
marketplace; volatility and rapid technological change in the company’s
industry; the company’s ability to retain significant clients; the
company’s ability to grow outsourcing; the company’s ability to drive
profitable growth in consulting and systems integration; market demand
for the company’s high-end enterprise servers and maintenance on those
servers; the risk that the company’s contracts may not be as profitable
as expected or provide the expected level of revenues and that contracts
with U.S. governmental agencies may be subject to audits, criminal
penalties, sanctions and other expenses and fines; the risk that the
company may face damage to its reputation or legal liability if its
clients are not satisfied with its services or products; the performance
and capabilities of third parties with whom the company has commercial
relationships; the risks of doing business internationally; the business
and financial risk in implementing future dispositions or acquisitions;
the potential for infringement claims to be asserted against the company
or its clients and the possibility that pending litigation could affect
the company’s results of operations or cash flow. Additional discussion
of these and other factors that could affect the company’s future
results is contained in its periodic filings with the Securities and
Exchange Commission. Unisys assumes no obligation to update any
forward-looking statements.
RELEASE NO.: 1023/9027
Unisys is a registered trademark of Unisys Corporation. All other brands
and products referenced herein are acknowledged to be trademarks or
registered trademarks of their respective holders.
