April 24, 2008 / 5:14 PM / in 9 years

Suncor shareholders approve 2-for-1 split

CALGARY, Alberta, April 24 (Reuters) - Suncor Energy Inc (SU.TO) shareholders approved plans on Thursday to split the company’s shares 2 for 1, a measure the company said will make the stock more affordable and boost liquidity.

The share split is the company’s first since 2002, when the shares were worth C$27.25 each. Suncor’s stock was at C$113.85, down C$2.15 on the Toronto Stock Exchange on Thursday.

The measure is effective on May 14. (Reporting by Jeffrey Jones; editing by Rob Wilson)

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