Shenandoah Telecommunications Company Announces Stock Split

June 19, 2007 at 12:00 AM EDT
Shenandoah Telecommunications Company Announces Stock Split

EDINBURG, VA, (June 19, 2007) – The Board of Directors of Shenandoah Telecommunications Company (Shentel, NASDAQ: SHEN) declared a three-for-one stock split with a record date of August 2, 2007. Shareholders will receive two additional shares of common stock of the Company for each share held on the record date. Certificates representing the additional shares will be mailed on or about August 17, 2007.

The Board’s action changes each issued and unissued authorized share of Common Stock into three shares of Common Stock as authorized by Section 13.1-706 of the Virginia Code as amended. After the split, the Company will have approximately 23.4 million shares outstanding, and 48 million total authorized shares.

Shenandoah Telecommunications Company is a holding company that provides a broad range of telecommunications services through its operating subsidiaries. The Company is traded on the NASDAQ National Market under the symbol “SHEN.” The Company’s operating subsidiaries provide local and long distance telephone, Internet and data services, cable television, wireless voice and data services, alarm monitoring, and telecommunications equipment, along with many other associated solutions in the Mid-Atlantic and Southeastern United States.

This release contains forward-looking statements that are subject to various risks and uncertainties. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of unforeseen factors. A discussion of factors that may cause actual results to differ from management’s projections, forecasts, estimates and expectations is available in the Company filings with the SEC. Those factors may include changes in general economic conditions, increases in costs, changes in regulation and other competitive factors.

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