12:23 PM EDT, 06/06/2024 (MT Newswires) -- Chipotle Mexican Grill ( CMG ) said Thursday that its shareholders approved an increase in the number of authorized common shares, required to facilitate its 50-for-1 stock split.

The company said shareholders of record as of June 18 will receive an additional 49 shares for each share held. These will be distributed after the market closes on June 25. The company's shares will begin trading on a post-split basis the following day.

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