GTECH announces 2-for-1 stock split

GTECH today announced that the company’s board of directors has approved a 2-for-1 stock split of the company’s common stock. The stock split will be effected in the form of a stock dividend to be distributed on May 23, 2002, to shareholders of record as of May 16, 2002, with shareholders receiving one additional share of common stock for each share held.



GTECH CEO and President Howard S. Cohen commented, “Today’s action by our board of directors reflects our commitment to enhancing shareholder value and our continued confidence in the company’s outlook. We also believe this stock split will improve our liquidity and make GTECH a more attractive investment for individual investors.”



The company had approximately 29,000,000 shares of common stock outstanding as of May 2, 2002.