Yoga and athletic-wear retailer Lululemon Athletica Inc said its shareholders approved a plan to split its stock on a two-for-one basis.

Lulemon store in Vancouver, British Columbia, Canada (Photo: Corbis)

In March, the Vancouver-based company said it would split both its common shares and its special voting shares on a two-for-one basis, subject to shareholders' approval at its annual meeting on June 8.

The company will have 108 million common shares outstanding, after the stock-split, following the filing with the Secretary of the State of Delaware, expected in the week of June 20.

Each shareholder will receive two shares for each share held as of that date, the company said in a statement.

U.S.-listed shares of the Vancouver-based company were trading up more than 2 percent at $86 in pre-market trade on Thursday.

On the Toronto Stock Exchange, the company's shares had closed at C$82.7 on Wednesday.

(Reporting by Aftab Ahmed in Bangalore; Editing by Joyjeet Das)