Stock Split
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Dec. 31, 2011
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Stock Split |
Note 13: Stock Split
On
January 24, 2012, RPC’s Board of Directors declared a
three-for-two stock split of the Company’s common
shares. The split will be effected by issuing an
additional share of common stock for every two shares of common
stock held. The additional shares will be distributed on
March 9, 2012 to stockholders of record on February 10,
2012. The stock split will increase the Company’s
outstanding shares from approximately 146,333,777 shares to
219,500,666 shares. Our historical outstanding shares
will be recast upon the distribution.
Below
is an estimate of the pro forma effects of the stock split on the
Company’s Stockholders’ equity.
(1)
Shares issued increased as follows: 2011- 73,729,220; 2010 –
74,087,998
Below is an estimate of the pro forma effects of the stock
split on the Company’s earnings per share:
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