Alliance One International Announces Reverse Stock Split

Source from:  PR Newswire 05/29/2015

Alliance One International, Inc. (NYSE: AOI) today announced a 1-for-10 reverse stock split of Alliance One common stock. Shareholders granted the Board of Directors discretionary authority to effect this reverse stock split at the company's special meeting of shareholders held on May 27, 2015.

Alliance One anticipates the reverse stock split will be effective after the close of all trading on Friday, June 26, 2015, and Alliance One common stock will begin trading on a split-adjusted basis on the New York Stock Exchange (NYSE) at the opening of trading on Monday, June 29, 2015.

When the reverse stock split becomes effective, every ten shares of issued and outstanding Alliance One common stock will be automatically combined into one issued and outstanding share of common stock. This will reduce the number of outstanding shares of Alliance One common stock, not including shares held by a subsidiary which will also be reduced, from 88.6 million to 8.86 million.　Alliance One common stock will continue trading on the NYSE under the trading symbol "AOI" but will trade under a new CUSIP number.

No fractional shares will be issued in connection with the reverse stock split.　Instead, Alliance One will issue one full share of the post-reverse stock split common stock to any shareholder who would have been entitled to receive a fractional share as a result of the reverse stock split.　Each common shareholder will hold the same percentage of the outstanding common stock immediately following the reverse split as that shareholder did immediately prior to the reverse split, except for minor adjustment due to the additional net share fraction that will need to be issued as a result of the treatment of fractional shares. Enditem