A. SCHULMAN INC. DECLARES REGULAR CASH DIVIDEND AND APPROVES REDEMPTION OF SPECIAL STOCK PURCHASE RIGHTS, THEREBY TERMINATING RIGHTS AGREEMENT
AKRON, Ohio - January 3, 2007 - The Board of Directors of A. Schulman Inc. (Nasdaq-GS: SHLM) today declared a regular cash dividend of $0.145 per common share, payable February 1, 2007, to shareholders of record on January 19, 2007. The Board of Directors also approved the payment of $0.01 per common share on February 1, 2007, to shareholders of record on January 19, 2007, in redemption of the special stock purchase rights previously issued to the Company's shareholders pursuant to the Rights Agreement dated as of January 26, 2006, between the Company and National City Bank as Rights Agent, thereby redeeming in full and canceling all such rights and terminating the Rights Agreement.
About A. Schulman Inc.
Headquartered in Akron, Ohio, A. Schulman is a leading international supplier of high-performance plastic compounds and resins. These materials are used in a variety of consumer, industrial, automotive and packaging applications. The Company employs about 2,400 people and has 15 manufacturing facilities in North America and Europe (including Asia). Revenues for the fiscal year ended August 31, 2006, were $1.6 billion. Additional information about A. Schulman can be found on the Web at www.aschulman.com.