APi Group announces three-for-two stock split

APi announced that its board of directors approved a three-for-two stock split of its outstanding shares of common stock to be effected by the payment of a dividend of one-half of one share of common stock payable on June 30 for each share of common stock held of record as of the close of business on June 16. After giving effect to the stock split, the company will have approximately 415M shares of common stock outstanding, and will continue to have 4M shares of Series A preferred stock outstanding. No shares of common stock will be issued to Series A preferred holders in connection with this stock split. However, a conversion of the Series A preferred stock to common stock pursuant to the Company’s certificate of incorporation would be adjusted to reflect the stock split.