Frontier Communications Board Sets Reverse Stock Split Ratio and Effective Date
May 12 2017 - 8:00AM
Business Wire
Frontier Communications Corporation (NASDAQ:FTR) announced today
that, following stockholder approval of the reverse stock split
proposal at Frontier’s May 10, 2017 Annual Meeting, Frontier’s
Board of Directors has determined to effect the reverse stock split
of the issued shares of common stock at a ratio of one share for
fifteen shares. The reverse stock split will be effective as of the
beginning of trading on Monday, July 10, 2017. In addition, and at
the same time, the total number of shares of common stock that
Frontier is authorized to issue will change from 1,750,000,000
shares to 175,000,000 shares.
Stockholders who hold their shares in brokerage accounts or
"street name" will not be required to take any action to effect the
exchange of their shares. Holders of share certificates will
receive instructions from Frontier’s transfer agent, Computershare
Investor Services, regarding the process for exchanging their
shares. Computershare Investor Services can be reached at (877)
770-0496 or http://www-us.computershare.com/investor/contact.
About Frontier Communications
Frontier Communications Corporation (NASDAQ:FTR) is a leader in
providing communications services to urban, suburban, and rural
communities in 29 states. Frontier offers a variety of services to
residential customers over its fiber-optic and copper networks,
including video, high-speed internet, advanced voice, and Frontier
Secure® digital protection solutions. Frontier Business Edge™
offers communications solutions to small, medium, and enterprise
businesses. More information about Frontier is available at
www.frontier.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170512005125/en/
Frontier Communications CorporationInvestors:Luke
Szymczak, 203-614-5044Vice President, Investor
Relationsluke.szymczak@ftr.comorMedia:Brigid Smith,
203-614-5042AVP, Corp. Comm.brigid.smith@ftr.com
Frontier Communications (NASDAQ:FTR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Frontier Communications (NASDAQ:FTR)
Historical Stock Chart
From Sep 2023 to Sep 2024