JDS Uniphase Proposes Stock Split

NEPEAN, Ontario, Canada, Jan. 3 -- JDS Uniphase Corp.'s board of directors has approved a two-for-one stock split of the company's common shares, pending stockholder approval of an increase in authorized common stock. In addition, JDS Uniphase Canada Ltd. announced that its board of directors has approved a two-for-one split of its exchangeable shares, to take effect concurrently with the split of JDS Uniphase stock.
JDS Uniphase will seek stockholder approval of an increase in authorized capital from 600 million to 3 billion shares at a special meeting scheduled for Feb. 25, 2000, with the record date planned for Jan. 21, 2000. If company stockholders approve the capital increase, the record date for the stock split shall be March 1, 2000, and the payment date shall be March 10, 2000. These dates are subject to the timing of any Securities and Exchange Commission review of proxy materials for the special stockholders' meeting.