The Manitowoc Company, Inc. Announces 1-for-4 Reverse Stock Split
The Manitowoc Company, Inc. (NYSE: MTW) announced today that Manitowoc shareholders, at a special meeting of shareholders held
earlier today, approved a 1-for-4 reverse stock split and reduction of the total number of shares of common stock Manitowoc is
authorized to issue from 300,000,000 shares to 75,000,000 shares.
Manitowoc common stock will begin trading on a split-adjusted basis when markets open on November 20, 2017. Manitowoc common
stock will continue to trade on the New York Stock Exchange under the symbol “MTW,” although a new CUSIP number (563571 405) has
been assigned to it as a result of the reverse stock split.
No fractional shares will be issued in connection with the reverse stock split. Shareholders otherwise entitled to receive
fractional share(s) as a result of the reverse stock split will receive cash payments in lieu of such shares.
Additional information about the reverse stock split can be found in Manitowoc’s definitive proxy statement on Schedule 14A
filed with the U.S. Securities and Exchange Commission (SEC), available free of charge at the SEC’s website, www.sec.gov, or at Manitowoc’s website, www.manitowoc.com.
About The Manitowoc Company, Inc.
Founded in 1902, The Manitowoc Company, Inc. is a leading global manufacturer of cranes and lifting solutions with
manufacturing, distribution, and service facilities in 20 countries. Manitowoc is recognized as one of the premier innovators and
providers of crawler cranes, tower cranes, and mobile cranes for the heavy construction industry, which are complemented by a slate
of industry-leading aftermarket product support services. In 2016, Manitowoc’s net sales totaled $1.6 billion, with over half
generated outside the United States.
The Manitowoc Company, Inc.
Ion Warner
VP, Marketing and Investor Relations
717-593-5266
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