Clarke Inc. stock split reflected in share price



    TSX: CKI, CKI.DB; CKI.DB.A

    HALIFAX, June 15 /CNW/ - Clarke Inc.'s ("Clarke") share price now
reflects the 2 for 1 stock split announced on May 10, 2007; the record date
for this stock split is June 18, 2007. The stock split, which was first
reflected in the price of Clarke's common shares at the open of markets on the
Toronto Stock Exchange (TSX) on Thursday, June 14, 2007, will be completed on
or about June 29, 2007.
    "We are pleased to have been able to split our stock twice in just over a
year, on the strength of our continuing growth," said George Armoyan,
President and CEO of Clarke. "We are firmly committed to creating and
delivering shareholder value; we believe that this stock split, together with
the ongoing conversion of the Company's convertible debentures, will help
enhance liquidity for our shareholders."
    In addition, effective at the open of markets on the TSX on June 19,
2007: (1) the conversion price of the 6.00% convertible unsecured subordinated
debentures, due Dec. 31, 2013, will be reduced from $15 per common share to
$7.50 per common share, being a new rate of approximately 133.333 common
shares per $1,000 principal amount of debentures; and (2) the conversion price
of the 6.00% convertible unsecured subordinated debentures, due Dec. 31, 2012,
will be reduced from $11.875 per common share to $5.9375 per common share,
being a new rate of approximately 168.421 common shares per $1,000 principal
amount of debentures.

    About Clarke

    Clarke Inc. is the Halifax-based parent company of a number of
wholly-owned operating companies and divisions, and is an activist catalyst
investor with a diversified portfolio of strategic and opportunistic
investments. Clarke's operating companies are in the transportation services
business. From time to time, Clarke also participates in joint ventures when
they offer the opportunity to create shareholder value. Led by George Armoyan
and an entrepreneurial team of professionals focused on uncovering and
creating value, Clarke invests in undervalued businesses and participates
actively where necessary to enhance performance and increase returns. In 2006
alone, Clarke delivered a shareholder return on investment, including
dividends, of 33%. Clarke's securities trade on the Toronto Stock Exchange
(CKI, CKI.DB, CKI.DB.A); for more information about Clarke, please visit our
website at www.clarkeinc.com
    %SEDAR: 00009934E




For further information:

For further information: Melinda Lee, Vice President, Investments,
Clarke Inc., (902) 442-3420


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