The GEO Group Completes 3-for-2 Stock Split
April 25 2017 - 6:55AM
Business Wire
The GEO Group, Inc. (NYSE: GEO) (“GEO”) announced today
that its previously declared 3-for-2 stock split was paid on April
24, 2017 to shareholders of record as of the close of business on
April 10, 2017 and that GEO’s common stock will begin trading at
the split-adjusted price at the market open on April 25, 2017. As a
result of the split, GEO’s shares of common stock outstanding have
increased from approximately 82.4 million to approximately 123.6
million.
The GEO Group, Inc. (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 143 facilities totaling
approximately 100,000 beds, including projects under development,
with a growing workforce of approximately 23,500 professionals.
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/20170425005543/en/
The GEO Group, Inc.Pablo E. Paez, 1-866-301-4436Vice President,
Corporate Relations
Geo (NYSE:GEO)
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