General Electric Company
11 February 2000
GE Board sets record date for stock split; share owners to vote at annual
meeting in Richmond
FAIRFIELD, CONN. - February 11, 2000 - GE's Board of Directors today approved
actions to facilitate the three-for-one split of GE stock that the Board
recommended in December. The stock split is subject to share owners' approval
of an increase in authorized shares at the April 26, 2000, Annual Meeting of
Share Owners in Richmond, Virginia.
Specifically, the board today:
* Recommended increasing the number of authorized shares of GE stock to
13.2 billion, or three times the current amount, to allow for the split.
* Set the record date for the stock split as April 27, 2000, meaning those
who hold GE stock at the close of business that date will be eligible to
participate in the three-for-one split.
Share owners will vote on the increase in authorized shares at their April 26,
2000, meeting in Richmond, which will be held at the Landmark Theater.
Richmond is the home of GE Financial Assurance, a family of consumer insurance
and investment businesses serving more than 20 million customers.
If the increase in authorized shares is approved, the stock split would be
GE's third in the past six years and fifth in the past 17 years. It would be
the ninth stock split in GE's 108-year history.
Contact: Gary Sheffer, (203) 373-3476
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