Redmond, Washington, January 25, 1999 — Microsoft Corporation today announced that its Board of Directors approved a 2-for-1 split of its common shares. The stock split is subject to the approval of Microsoft shareholders, who must approve an amendment to the company’s articles of incorporation to increase the company’s authorized common stock, permitting consummation of this split. Subject to such approval, shareholders will receive one additional common share for every share held on the record date of March 12, 1999.
“Microsoft works to make our technologies broadly accessible to customers. Similarly, we aim to make our stock broadly accessible to individuals and this stock split should help achieve that objective,”
said Gregory B. Maffei, chief financial officer.
“We’re gratified that customers find our products compelling and innovative, and have rewarded the company and our shareholders with a strong stock price.”
As of December 31, 1998, Microsoft had approximately 2.5 billion common shares outstanding. Upon completion of the split, the number will increase to approximately 5.0 billion. The additional shares will be mailed or delivered on or about March 26, 1999 by the company’s transfer agent, ChaseMellon Shareholder Services L.L.C. This is the eighth time the common stock has split since the company went public on March 13, 1986.
Founded in 1975, Microsoft (NASDAQ “MSFT”) is the worldwide leader in software for personal computers. The company offers a wide range of products and services for business and personal use, each designed with the mission of making it easier and more enjoyable for people to take advantage of the full power of personal computing every day.
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