Monster Beverage Board Declares Three-for-One Stock Split
October 14 2016 - 8:00AM
Monster Beverage Corporation (NASDAQ:MNST) (the “Company”) today
announced that its Board of Directors has approved a 3-for-1 split
of its common stock which will be effected in the form of a 200%
stock dividend. The additional shares will be distributed on
November 9, 2016 to stockholders of record at the close of
business (Eastern Time) on October 26, 2016. The Company
anticipates its common stock to begin trading at the split-adjusted
price on November 10, 2016.
Upon completion of the stock split, the number of outstanding
shares of the Company’s common stock will triple to approximately
571 million shares.
Monster Beverage Corporation
Based in Corona, California, Monster Beverage Corporation is a
holding company and conducts no operating business except through
its consolidated subsidiaries. The Company’s subsidiaries
develop and market energy drinks, including Monster Energy® energy
drinks, Monster Energy Extra Strength Nitrous Technology® energy
drinks, Java Monster® non-carbonated coffee + energy drinks,
Monster Rehab® non-carbonated energy drinks with electrolytes,
Muscle Monster® Energy Shakes, Übermonster® energy drinks, NOS®
energy drinks, Full Throttle® energy drinks, Burn® energy drinks,
Samurai® energy drinks, Relentless® energy drinks, Mother® energy
drinks, Power Play® energy drinks, BU® energy drinks, Nalu® energy
drinks, BPM® energy drinks, Gladiator® energy drinks, and Ultra®
energy drinks. The Company’s subsidiaries also develop and
market MutantTM Super Soda. For more information, visit
www.monsterbevcorp.com.
Forward-Looking Statements
Certain statements made in this announcement, including, without
limitation, statements about the stock split, authorized share
increase and special meeting may constitute “forward-looking
statements” within the meaning of the U.S. federal securities
laws, as amended. The Company cautions that these
statements are based on management’s current knowledge and
expectations and are subject to certain risks and uncertainties,
many of which are outside of the control of the Company,
that could cause actual results and events to differ
materially from the statements made herein. For a more
detailed discussion of these and other risks that could affect our
operating results, see our filings with the Securities and
Exchange Commission, including our annual report on Form 10-K and
our subsequently filed quarterly reports on Form 10-Q. The
Company’s actual results could differ materially from those
contained in the forward-looking statements. The Company
assumes no obligation to update any forward-looking statements,
whether as a result of new information, future events or
otherwise.
CONTACTS:
Rodney C. Sacks
Chairman and Chief Executive Officer
(951) 739-6200
Hilton H. Schlosberg
Vice Chairman
(951) 739-6200
Roger S. Pondel / Judy Lin Sfetcu
PondelWilkinson Inc.
(310) 279-5980
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