8/18/09 - iPass Inc. (NASDAQ: IPAS) announced that its board of
directors has authorized an extraordinary cash dividend of $0.32 per share.
The cash dividend is payable September 17, 2009 to stockholders of record
as of August 31, 2009.
iPass also announced that stockholders approved, at a special meeting of
stockholders held today, amendments to iPass' equity incentive plans, that
provide for the adjustment of outstanding equity awards in connection with
the payment of the cash dividend.
As previously reported, iPass had approximately $70 million in cash and
cash equivalents and short-term investments at June 30, 2009 and
approximately 62.3 million shares of common stock outstanding as of July
iPass helps enterprises unify the management of remote and mobile
connectivity and devices. With iPass software and services, customers can
create easy-to-use broadband solutions for their mobile workers, home
offices and branch and retail locations, complete with device management,
security validation and unified billing. iPass offerings are powered by its
leading global virtual network, on-demand management platform, and
award-winning client software. The iPass global virtual network unifies
hundreds of wireless, broadband and dial-up providers in over 160
countries. Hundreds of Global 2000 companies rely on iPass services,
including Ford, Nokia, and Procter & Gamble. Founded in 1996, iPass is
headquartered in Redwood Shores, California, with offices throughout North
America, Europe and Asia. For more information, visit www.ipass.com .