The offering of PEI Common Stock pursuant to the Customer Stock Purchase Plan
is made only by means of the Plan prospectus which may be obtained from PEI.
Under the Company's 2000 Employee Stock Purchase Plan, 160,000 shares were authorized to be sold.
The letter informed the Company that, at the time of the notice provided to NASDAQ, the Company was not in compliance with the shareholder approval requirement with respect to employee stock purchase plans set forth in Marketplace Rule 4350(i).
NASDAQ: PENT) (PEI) announced today it has amended the Company's Dividend Reinvestment and Stock Purchase Plan to provide for the purchase of PEI Common Stock at a 5% discount from the market price.
PEI first instituted its Dividend Reinvestment and Stock Purchase Plan in 1977 and, since its inception, the Company has issued over 230,000 shares through the Plan.
Arotech also announced that it has filed registration statements on Forms S-8 and S-3 for the registration of shares of common stock relating to the adoption last year by Arotech's stockholders of Arotech's 2004 Stock Option and Restricted Stock Purchase Plan
and to certain other issuances relating to transactions previously disclosed by Arotech.
15, Philadelphia Suburban Corporation (NYSE: PSC), parent company of Philadelphia Suburban Water Company (PSW), will offer 100,000 shares of common stock to PSW customers through its regular Customer Stock Purchase Plan
STOCKHOLM, Sweden -- At the Annual General Meeting of Shareholders in Ericsson (NASDAQ:ERICY) held today, it was resolved, in accordance with the proposal from the Board of Directors and with previous decisions, that Ericsson shall have the right to transfer its own shares in order to cover certain payments that occur in relation to the company's Global Stock Incentive Program 2001, the Stock Purchase Plan
2003 and the Long Term Incentive Plan 2004.
Exclusion of Incentive Stock Options and Employee Stock Purchase Plan
Options from Wages
A To purchase shares of these companies and many others without using a broker, you must enroll in a direct stock purchase plan
or dividend reinvestment plan (DRIP).
This program provides shares for issuance to employees under the company's stock option and stock purchase plans
based public technology companies found that 84 percent have employee stock purchase plans
, versus 62 percent of companies in other industries.