Ritchie Bros. Auctioneers Incorporated (NYSE: RBA; TSX: RBA) announces that its shareholders have approved a three-for-one stock split of its outstanding common shares at the Company’s 2008 annual and special meeting held on Friday (the “Meeting”). The stock split will be effected by an amendment to the Company’s articles of amalgamation.

Shareholders of record at the close of business on April 24, 2008 will be entitled to receive two additional common shares for each common share They hold at that time. Ritchie Bros. currently has approximately 34.9 million common shares outstanding, and following the three-for-one split, the number of common shares outstanding will be approximately 104.6 million.

Posted: 04|15|08 at 1:19 pm. Filed under: Auction News.