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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.

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