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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
July 24, 1997
PENN VIRGINIA CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
VIRGINIA
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(State or Other Jurisdiction of Incorporation)
0-753 23-1184320
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(Commission File No.) (I.R.S. Employer Identification No.)
100 Matsonford Road Suite 200, Radnor, PA 19087
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(Address of Principal Executive Offices)
19087
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(Zip Code)
(610) 687-8900
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(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS
Penn Virginia Corporation issued a press release on July 22,
1997 with respect to the declaration of a two-for-one stock
split and listing its common shares for trading on the New
York Stock Exchange. The press release is filed as Exhibit 99
to this Form 8-K , and the text of the press release is
incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) The following is filed as part of this Current Report on
Form 8-K:
Exhibit Description
99 Press release dated July 22, 1997
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized on July 24, 1997.
PENN VIRGINIA CORPORATION
By:
/s/ STEVEN W. THOLEN
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Steven W. Tholen
Vice President and
Chief Financial Officer
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EXHIBIT 99
PENN VIRGINIA CORPORATION
One Radnor Corporate Center, Suite 200, 100 Matsonford Road, Radnor, PA 19087
FOR IMMEDIATE RELEASE
CONTACT: Beverly Cole McGuire, Corporate Secretary
(610) 687-8900 Fax: (610) 687-3688
PENN VIRGINIA ANNOUNCES STOCK SPLIT
RADNOR, PA, JULY 22, 1997 -- Penn Virginia Corporation (NASDAQ: PVIR)
today announced that the Board of Directors declared a two-for-one stock split.
Shareholders of record on August 1, 1997 will be sent their additional shares
on or about August 15, 1997.
The Board of Directors today also authorized Penn Virginia to apply
to list its common shares for trading on the New York Stock Exchange. The
Company's stock is expected to be available for trading on the New York Stock
Exchange before the end of the year.
Penn Virginia President and Chief Executive Officer, A. James
Dearlove, said, "We believe these two actions will benefit our shareholders by
facilitating a wider distribution of shares. The stock split is also expected
to reduce the market price per share making the stock more affordable for
investors."
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PVIR is an energy company engaged primarily in leasing of mineral
rights, collection of royalties, and development and production of oil and
natural gas. PVIR is headquartered in Radnor, PA.
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This release includes forward-looking statements within the meaning of
the federal securities laws with respect to development activities, capital
expenditures, acquisitions and dispositions, drilling and exploration programs,
expected commencement dates of coal mining or oil and gas production, projected
quantities of future oil and gas production by Penn Virginia, projected
quantities of future coal production by the Company's lessee's producing coal
from reserves leased from Penn Virginia, costs and expenditures as well as
projected demand or supply for coal and oil and gas, which will affect sales
levels, prices and royalties realized by Penn Virginia. Certain factors
discussed herein and in the Company's filings with the Securities and Exchange
Commission could cause actual results to differ from those in these
forward-looking statements, and reference is made to such filings.
