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IGT Declares Stock Split, Cash Dividend4 June 2003RENO, Nevada – (Press Release) -- International Game Technology (NYSE: IGT) today announced that its Board of Directors has declared a four-for-one stock split. The split will be effected by issuing three additional shares of IGT's common stock for each share of common stock held by shareholders of record at the close of business on June 18, 2003. Share certificates representing the additional shares will be distributed on or about July 2, 2003. The stock will begin trading post-split the day after the distribution date. In addition, the Board of Directors has declared a quarterly cash dividend on post-split shares of seven and one half cents ($.075) per share, payable on July 28, 2003 to shareholders of record on July 14, 2003. "Our Board's decision to declare a cash dividend reflects our confidence in our long-term outlook and our consistent ability to generate significant cash flows. After our strong results in the first and second quarters of fiscal 2003, we are pleased to be able to return profits to our shareholders," said Maureen Mullarkey, Chief Financial Officer at IGT. IGT currently has approximately 85.8 million shares outstanding and after giving effect to the stock split will have approximately 343.2 million shares outstanding. No fractional shares will be issued. |