LITTLE ROCK, Ark., May 25, 2018 (GLOBE NEWSWIRE) -- Windstream Holdings, Inc. (NYSE:WIN, news, filings), a leading provider of advanced network communications and technology solutions, completed its previously announced 1-for-5 reverse stock split following today’s market close.
Windstream stockholders approved the reverse split and share count reduction at the company’s annual meeting on Monday, May 21. As a result, the authorized shares of common stock decreased from 375,000,000 shares to 75,000,000 shares and the number of authorized shares of preferred stock decreased from 33,333,333 shares to 6,666,667 shares. Actual total shares outstanding decreased from approximately 200 million shares to approximately 40 million shares.
Windstream’s common stock will continue to trade on the NASDAQ Global Select Market under the symbol “WIN.” The stock will resume trading on Tuesday, May 29, under the new CUSIP number 97382A309.
Additional information about the reverse split and authorized share count reduction is available in the company’s proxy statement, which can be accessed at www.windstream.com/investors.
Windstream Holdings, Inc. (NASDAQ:WIN), a FORTUNE 500 company, is a leading provider of advanced network communications and technology solutions. Windstream provides data networking, core transport, security, unified communications and managed services to mid-market, enterprise and wholesale customers across the U.S. The company also offers broadband, entertainment and security services for consumers and small and medium-sized businesses primarily in rural areas in 18 states. Services are delivered over multiple network platforms including a nationwide IP network, our proprietary cloud core architecture and on a local and long-haul fiber network spanning approximately 150,000 miles. Additional information is available at windstream.com or windstreamenterprise.com. Please visit our newsroom at news.windstream.com or follow us on Twitter at @Windstream or @WindstreamBiz.
David Avery, 501-748-5876
Chris King, 704-319-1025
Source: Windstream Holdings, Inc.