EXL Announces Five-for-One Forward Stock Split
13 July 2023 - 10:03PM
ExlService Holdings, Inc. (“EXL”) (NASDAQ: EXLS), a leading data
analytics and digital operations and solutions company, today
announced that it will implement a five-for-one forward stock split
of its common stock, with trading on a post-split basis expected to
begin on Aug. 2, 2023.
“The decision to split our shares on a five-for-one basis
demonstrates confidence in our ability to continue to grow the
company and generate long-term stockholder value,” said Rohit
Kapoor, vice chairman and chief executive officer. “This split
brings several benefits, including increased liquidity, improved
transparency and lower trading costs for our stockholders.
Additionally, the lower post-split share price enhances
accessibility for our employees to participate in the company’s
employee stock ownership program.”
The stock split, along with a corresponding increase in the
authorized number of shares of the company’s common stock from 100
million shares to 400 million shares, was previously approved by
the company’s board of directors and subsequently by the company’s
stockholders at its annual meeting held on June 20, 2023.
Stockholders of record as of July 25, 2023, are expected to receive
the additional shares after the close of business on Aug. 1, 2023.
There will be no change to the common stock’s par value, CUSIP
number or Nasdaq ticker symbol of “EXLS”.
For additional information regarding the stock split, please
refer to EXL’s filings with the Securities and Exchange
Commission.
About ExlService Holdings, Inc.EXL (NASDAQ:
EXLS) is a leading data analytics and digital operations and
solutions company that partners with clients to improve business
outcomes and unlock growth. By bringing together deep domain
expertise with robust data, powerful analytics, cloud, artificial
intelligence (“AI”) and machine learning (“ML”), we create agile,
scalable solutions and execute complex operations for the world’s
leading corporations in industries including insurance, healthcare,
banking and financial services, media, and retail, among others.
Focused on driving faster decision-making and transforming
operating models, EXL was founded on the core values of innovation,
collaboration, excellence, integrity and respect. Headquartered in
New York, our team is over 47,000 strong, with more than 50 offices
spanning six continents. For more information,
visit www.exlservice.com.
Cautionary Statement Regarding
Forward-Looking Statements This press release contains
forward-looking statements within the meaning of the United States
Private Securities Litigation Reform Act of 1995. You should not
place undue reliance on those statements because they are subject
to numerous uncertainties and factors relating to EXL's operations
and business environment, all of which are difficult to predict and
many of which are beyond EXL’s control. Forward-looking statements
include information concerning EXL’s possible or assumed future
results of operations, including descriptions of its business
strategy. These statements may include words such as “may,” “will,”
“should,” “believe,” “expect,” “anticipate,” “intend,” “plan,”
“estimate” or similar expressions. These statements are based on
assumptions that we have made in light of management's experience
in the industry as well as its perceptions of historical trends,
current conditions, expected future developments and other factors
it believes are appropriate under the circumstances. You should
understand that these statements are not guarantees of performance
or results. They involve known and unknown risks, uncertainties and
assumptions. Although EXL believes that these forward-looking
statements are based on reasonable assumptions, you should be aware
that many factors could affect EXL’s actual financial results or
results of operations and could cause actual results to differ
materially from those in the forward-looking statements. These
factors, which include our ability to maintain and grow client
demand, our ability to hire and retain sufficiently trained
employees, and our ability to accurately estimate and/or manage
costs, rising interest rates, rising inflation and recessionary
economic trends, and implementation of the stock split, are
discussed in more detail in EXL’s filings with the Securities and
Exchange Commission, including EXL’s Annual Report on Form 10-K.
You should keep in mind that any forward-looking statement made
herein, or elsewhere, speaks only as of the date on which it is
made. New risks and uncertainties come up from time to time, and it
is impossible to predict these events or how they may affect EXL.
EXL has no obligation to update any forward-looking statements
after the date hereof, except as required by federal securities
laws.
Contact: John Kristoff Vice President, Investor Relations +1 212
209 4613ir@exlservice.com
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