The GEO Group Announces 3-for-2 Stock Split
March 27 2017 - 6:55AM
Business Wire
The GEO Group, Inc. (NYSE: GEO) (“GEO”) announced today
that on March 24, 2017, GEO’s Board of Directors declared a 3-for-2
stock split of GEO’s common stock. Shareholders of record as of the
close of business on April 10, 2017 will receive one additional
share for every two shares held on the record date. The new shares
will be payable on April 24, 2017. Following the stock split, GEO’s
shares of common stock outstanding will increase from approximately
82.1 million to approximately 123.1 million. GEO expects its common
stock to begin trading at the split-adjusted price on April 25,
2017.
About The GEO Group
The GEO Group (NYSE: GEO) is the first fully integrated equity
real estate investment trust specializing in the design, financing,
development, and operation of correctional, detention, and
community reentry facilities around the globe. GEO is the world's
leading provider of diversified correctional, detention, community
reentry, and electronic monitoring services to government agencies
worldwide with operations in the United States, Australia, South
Africa, and the United Kingdom. GEO's worldwide operations include
the ownership and/or management of 104 facilities totaling
approximately 87,000 beds, including projects under development,
with a growing workforce of approximately 20,500 professionals.
Forward-Looking Statements
This press release contains forward-looking statements regarding
future events and the future performance of GEO that involve risks
and uncertainties that could materially affect actual results,
including statements regarding the stock split. These
forward-looking statements may be affected by risks and
uncertainties in GEO's business and market conditions. This
information is qualified in its entirety by cautionary statements
and risk factor disclosure contained in GEO's Securities and
Exchange Commission filings, including GEO's reports on Form 10-K
and Form 10-Q filed with the Commission. GEO wishes to caution
readers that certain important factors may have affected and could
in the future affect GEO's actual results and could cause GEO's
actual results for subsequent periods to differ materially from
those expressed in any forward-looking statement made by or on
behalf of GEO. GEO undertakes no obligation to update
forward-looking statements to reflect events or circumstances after
the date hereof.
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version on businesswire.com: http://www.businesswire.com/news/home/20170327005494/en/
The GEO Group, Inc.Pablo E. Paez, 1-866-301-4436Vice President,
Corporate Relations
Geo (NYSE:GEO)
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