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Editorial Contacts:
Rosemary Stone Giles Sanderson/Edward Bridges
Director, Corporate Communications Financial Dynamics
Micro Focus UK: (0171) 831-3113
U.S.: (650) 404-7180
MICRO FOCUS GROUP PLC ANNOUNCES PLAN FOR STOCK SPLIT
MOUNTAIN VIEW, Calif., and LONDON, February 12, 1998 -- Micro Focus Group
Plc (NASDAQ: MIFGY) today announced that the Board of Directors has recommended
the subdivision of its shares on a five-for-one basis, in order to improve the
marketability of the Company's shares. The Board is convening a meeting of the
Shareholders to approve the subdivision of shares on March 12, 1998. If approved
by shareholders, the subdivision, or stock split, would take effect as of the
close of business March 13, 1998. The Company will have the conversion rights of
its American Depository Shares (ADS's) adjusted such that each ADS will
thereafter represent five ordinary shares.
Subject to the proposal becoming effective, dealings in the share capital
as subdivided are expected to commence on March 16, 1998. The Company also
restated its intention to announce its results for the quarter and fiscal year
ended January 31, 1998 on March 4, 1998.
ABOUT MICRO FOCUS
Micro Focus (NASDAQ: MIFGY) provides solutions for managing enterprise
computing assets. The Company's state-of-the-art programming solutions allow
application developers to manage and extend their enterprise applications for
developing and deploying production systems in distributed environments, moving
application development and maintenance off of the mainframe, and providing
solutions for reengineering systems to handle the millennium date change.
Micro Focus is located at 701 E. Middlefield Road, Mountain View, Calif.
94043; telephone 650-938-3700. In the UK, the Company is located at The Lawn,
22-30 Old Bath Road, Newbury, Berkshire, RG14 1QN; telephone 01635 32646. For
additional information on Micro Focus and its products, visit the Micro Focus
Web site at http://www.microfocus.com.
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Micro Focus is a registered trademark of Micro Focus. All other companies and
products as they appear in this release are trademarks or registered trademarks
of their respective owners.
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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, thereunto duly authorized.
Micro Focus Group Public Limited Company
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(Registrant)
Date: February 12, 1998 By: /s/ Loren E. Hilllberg
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Loren E. Hillberg, Secretary
