Marvell announces shareholder approval of an increase in authorized share capital to allow for 2 for 1 stock split

June 1, 2004

1 Min Read

SUNNYVALE, Calif. -- Marvell(R) Technology Group Ltd. (NASDAQ: MRVL), a technology leader in the development of extreme broadband communications and storage solutions, announced today that at its May 28, 2004 Annual General Meeting its shareholders approved an increase in the Company's authorized capital in order to allow a two for one stock split of the Company's common stock to be paid in the form of a 100% stock dividend. The stock split was previously approved by Marvell's Board of Directors on February 25, 2004, and was subject to shareholder approval of an increase in the Company's authorized share capital. Stock certificates representing one additional share for each share held will be delivered on or about June 28, 2004 (payment date) to all shareholders of record at the close of business on June 14, 2004 (record date).

Marvell Technology Group Ltd.

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