Distribution and Impact of Google Shares on The NASDAQ Stock Market and NASDAQ OMX Indexes

BY  | FROM GLOBE NEWSWIRE | 2014-02-11 17:24

NEW YORK, Feb. 10, 2014 (GLOBE NEWSWIRE) -- On January 30th Google, Inc. (Nasdaq:GOOG) announced that its Board of Directors approved the distribution of Class C shares to its stockholders. NASDAQ OMX is providing the information below to clarify the effect of this distribution on Google Class A shares.
Additional information on the announcement can be found in Google's press release, the relevant part of which states:
Google Inc. announced today that its Board of Directors has approved a distribution of shares of the Class C capital stock as a dividend to our stockholders with a dividend record date of March 27, 2014 and a dividend payment date of April 2, 2014.
As a result of this transaction, upon distribution the Google Class C shares will be added to all NASDAQ OMX Indexes that contain Google Class A shares, including, but not limited to, the NASDAQ-100 Index?, the NASDAQ Internet Index and the NASDAQ OMX Global Index Family, effective prior to market open on the April 3, 2014, the ex-date of the distribution. Both classes of shares will remain temporarily?in the Indexes until the next quarterly rebalancing, when the Class A shares will be removed from the Indexes.This action is being taken in order to provide for a seamless distribution of the new securities and ensure Index continuity.



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