Share Split Approved

Posted by eleitner on October 1, 2010

The shareholders of ÆSIR voted 92.2% in favour of ratifying a 20:1 stock split at the October AGM. ÆSIR announces that it has recorded its best profit margins since its creation in 2002. Profit margins reached 26.6% in FY2010, beating the previous record of 23.8% which had been set in FY2006 by 2.8%. However, the Board is holding off on declaring additional common shares dividends as more than $34,500 in dividends were distributed earlier this fiscal year. Note also that ÆSIR reduced its Board of Directors to five members at the October AGM.