Business
EXL Announces Five-for-One Forward Stock Split
NEW YORK, July 13, 2023 (GLOBE NEWSWIRE) -- ExlService Holdings, Inc. (“EXL”) (NASDAQ: EXLS), a leading data analytics and digital operations and solutions
About this update from Exlservice Holdings, Inc.
[{"type":"text","content":"NEW YORK, July 13, 2023 (GLOBE NEWSWIRE) -- 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 spann...