CALGARY, ALBERTA--(Marketwire - Feb. 25, 2011) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today provided clarification with respect to the proposed two-for-one stock split announced February 22, 2011.
If approved by shareholders at the Company's Annual and Special Meeting May 11, 2011, the record date for the stock split is expected to be May 25, 2011. As of that date, each shareholder of record would receive one additional common share for each common share he or she holds. New Enbridge stock certificates are expected to be mailed beginning May 31.
For shares trading on the Toronto Stock Exchange:
Subject to the preceding approvals and pursuant to the rules of the Toronto Stock Exchange, Enbridge's common shares would commence trading on a divided basis at the opening of business on or about May 20, 2011, which is the second trading day preceding the record date.
For shares trading on the New York Stock Exchange:
Subject to similar approvals, the trading of the common shares on a divided basis on the New York Stock Exchange would occur on or about June 1, 2011, after the expected May 31, 2011 delivery of share certificates to registered holders of Enbridge common shares.
Enbridge will announce the results of the shareholder vote in respect of the proposed stock split following the meeting and vote May 11.
About Enbridge
Enbridge Inc., a Canadian company, is a North American leader in delivering energy and one of the 2011 Global 100 Most Sustainable Corporations. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has a growing involvement in the natural gas transmission and midstream businesses, and is expanding its interests in renewable and green energy technologies including wind and solar energy, hybrid fuel cells and carbon dioxide sequestration. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. Enbridge employs approximately 6,400 people, primarily in Canada and the U.S. and is ranked as one of Canada's Greenest Employers, and one of the Top 100 Companies to Work for in Canada. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit enbridge.com.
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