Neogen announces 4-for-3 stock split

LANSING, Mich., Dec. 8, 2017

The stock split will be effected in the form of new common stock being issued on Dec. 29, 2017, to shareholders of record as of the close of business on Dec. 18, 2017. As of today, Neogen has approximately 38,630,000 shares of common stock outstanding. After the split, the company will have approximately 51,500,000 shares of common stock outstanding. This is the company's fifth stock split. The most recent was a three-for-two split in October 2013.

"We are very pleased to be able to enhance the availability and liquidity of our shares to allow more participation in Neogen's success," said James Herbert, Neogen's executive chairman. "This stock split reflects our Board's strong belief in Neogen's long-term growth, and recognizes the stock price has increased significantly during the past year."

All fractional shares resulting from the split will be exchanged for cash at the post-split fair market value of Neogen's common stock, based on the closing price per share on Dec. 18, 2017, as reported on the NASDAQ National Market System.

Shareholders contemplating a transaction of Neogen stock between the record date and payment date should consult a broker regarding their entitlement to the split shares.

Neogen to announce second quarter results on Jan. 3

Neogen will announce the financial results for the second quarter of its 2018 fiscal year, which ended Nov. 30, on Wednesday, Jan. 3, 2018.