SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) MARCH 19, 1998
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CELLULAR COMMUNICATIONS INTERNATIONAL, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-19363 13-3221852
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
110 East 59th Street, New York, New York 10022
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including area code (212)906-8480
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On March 19, 1998, Cellular Communications International, Inc. (the
"Company"), announced that its Board had declared a 3-for-2 stock split by way
of stock dividend with respect to its Common Stock. The record date for this
dividend is April 1, 1998 and the payment date is April 14, 1998. If a
stockholder is contemplating a sale from the record date to the payment date,
the stockholder should consult the stockholder's broker or other financial
advisor as to the stockholder's entitlement to the shares to be issued. No
fractional shares will be issued, but in lieu thereof the Company will pay a
cash adjustment in respect of such fraction.
A copy of the press release issued by the Company announcing the above is
attached hereto as an exhibit and incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
Exhibits
99 Press Release issued March 19, 1998.
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SIGNATURES
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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 thereunto duly authorized.
CELLULAR COMMUNICATIONS INTERNATIONAL, INC.
(Registrant)
By: \s\ Richard J. Lubasch
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Name: Richard J. Lubasch
Title: Senior Vice President, Treasurer, Secretary
and General Counsel
Dated: March 19, 1998
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EXHIBIT INDEX
Exhibit Page
99 Press Release issued on March 19, 1998.
EXHIBIT 99
FOR IMMEDIATE RELEASE
CELLULAR COMMUNICATIONS INTERNATIONAL, INC. ANNOUNCES
3-FOR-2 STOCK SPLIT BY WAY OF STOCK DIVIDEND
New York, New York (March 19, 1998) - Cellular Communications
International, Inc. ("CCII") (Nasdaq: CCIL) announced today that its Board had
declared a 3-for-2 stock split by way of stock dividend with respect to its
Common Stock. The record date for this dividend is April 1, 1998 and the payment
date is April 14, 1998. If a stockholder is contemplating a sale from the record
date to the payment date, the stockholder should consult the stockholder's
broker or other financial advisor as to the stockholder's entitlement to the
shares to be issued. No fractional shares will be issued, but in lieu thereof
the Company will pay a cash adjustment in respect of such fraction.
CCII has approximately 10.96 million shares outstanding, and after giving
effect to the stock split, approximately 16.44 million shares will be
outstanding.
The Company's activities to date have focused on participating in strategic
joint ventures with other companies to acquire and operate overseas cellular
telephone systems. Currently, CCII's primary asset is its participation in
Omnitel Pronto Italia, the second cellular licensee in Italy, which began
offering commercial service in December 1995 and currently has approximately
3,000,000 subscribers.
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For further information, please contact: Richard J. Lubasch or Jeffrey G. Wyman
at (212)906-8480.
