United States Lime & Minerals Announces 5-For-1 Stock Split, Will Begin Trading On A Post-split Basis At The Market Open On Monday, July 15, 2024

United States Lime & Minerals, Inc. (NASDAQ:USLM) (the "Company") today announced that it will conduct a split of its outstanding shares of common stock at a ratio of 5:1, effected in the form of a stock dividend of four additional shares of common stock for each share outstanding. The Company's Board of Directors determined that, with the significant growth of the trading price for the Company's common stock over the past several years, the stock split is appropriate to make the Company's common stock more affordable on a per-share basis to certain investors and employees and to narrow the bid and ask prices of the common stock.

 

The dividend of shares to be issued in the stock split will be payable after the market close on Friday, July 12, 2024 to shareholders of record at the close of business on June 21, 2024. Shareholders will receive a dividend of four additional shares of common stock for each share held. The Company's common stock will begin trading on a post-split basis at the market open on Monday, July 15, 2024, under the Company's existing trading symbol "USLM."

The stock split will increase the number of shares of the Company's issued and outstanding common stock from approximately 5.7 million shares to approximately 28.5 million shares.