Coca-Cola (KO) Board Recommends Two-for-One Split; 11th in history
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The Board of Directors of The Coca-Cola Company (NYSE: KO) voted to recommend a two-for-one stock split to shareowners. The split would be the 11th in the stock’s 92-year history and the first in 16 years.
Implementation of the stock split is subject to approval by shareowners of an increase in the number of authorized shares of the Company’s common stock from 5.6 billion to 11.2 billion. These matters will be voted on at a special shareowners meeting anticipated to be held on July 10, 2012. If approved, the record date for the split is expected to be on or about July 27, 2012. Each shareowner of record on the close of business on the record date will receive one additional share of common stock for each share held. The new shares are expected to be distributed on or about Aug. 10, 2012.
Additional details of the special meeting and the proposed split will be included in a proxy statement, which will be distributed in connection with the special meeting.
Implementation of the stock split is subject to approval by shareowners of an increase in the number of authorized shares of the Company’s common stock from 5.6 billion to 11.2 billion. These matters will be voted on at a special shareowners meeting anticipated to be held on July 10, 2012. If approved, the record date for the split is expected to be on or about July 27, 2012. Each shareowner of record on the close of business on the record date will receive one additional share of common stock for each share held. The new shares are expected to be distributed on or about Aug. 10, 2012.
Additional details of the special meeting and the proposed split will be included in a proxy statement, which will be distributed in connection with the special meeting.
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