SEC Grants Meredith Enterprises' Application to Delist Its Common Stock from the American Stock Exchange; Company Will Deregiste
03 11월 2005 - 7:00AM
Business Wire
Meredith Enterprises, Inc., (Formerly AMEX:MPQ) today reported that
the SEC has granted its application to delist its common stock from
the American Stock Exchange. The Amex will suspend trading in the
company's common stock effective at the opening of the markets on
Thursday, November 3, 2005. In accordance with the company's plans
as stated in its September 15, 2005 press release and current
report on Form 8-K, the company will file a Form 15 with the SEC on
November 3, 2005 to terminate registration of its common stock with
the SEC and immediately suspend the company's filing of current and
periodic reports with the SEC. The company anticipates that,
following delisting with the Amex and deregistration with the SEC,
its common stock will be quoted on the Pink Sheets(R), an
electronic quotation service for over-the-counter securities. The
company intends to provide to the public the information necessary
for market makers to quote the company's stock on the pink sheets,
but the company can give no assurances that any broker will make a
market in the company's common stock. Stockholders should note that
the company's certificate of incorporation remains unchanged. Among
other items, the certificate of incorporation provides for
limitations on ownership to maintain the company's status as a real
estate investment trust under the Internal Revenue Code. These
limits restrict a holder's "beneficial ownership" to 2.5% of the
company's common stock and "constructive ownership" to 5.0% of the
company's common stock, except that Allen K. Meredith, the
company's CEO and Chairman, may beneficially own up to 39.0% of the
company's common stock. The definitions of these terms are complex,
and their application to a particular holder depends on the exact
facts and circumstances. Stockholders should carefully review the
company's certificate of incorporation, which is available online
along with the company's other reports and exhibits at the SEC's
website at www.sec.gov. This release contains forward-looking
statements within the meaning of the securities laws that are based
on current expectations, assumptions, estimates, and projections
about Meredith Enterprises, Inc. and its business. These
forward-looking statements are not guarantees of future performance
and are subject to risks and uncertainties -- many of which are
outside of the company's control -- that may cause actual results
to differ materially from those expressed or implied by
forward-looking statements. These risks and uncertainties include:
whether the company will be able to provide the information
necessary for market makers to quote the company's stock on the
pink sheets; and whether the company's common stock will in fact be
traded on the pink sheets after the deregistration. The company
will continue to face other risks and uncertainties, including
whether the company can maintain its dividend, renew its leases
with existing tenants, collect amounts due under existing leases,
lease vacant space to new tenants at acceptable rates (including
the approximately 38,000 square foot vacancy in its Tustin
property), and complete the construction and lease-up of a new
shopping center in Garden Grove, CA and other assets it may develop
in the future. For a description of these and other risks that may
affect the company's performance, please see the sections in its
most recent Quarterly Report on Form 10-QSB entitled "Management's
Discussion and Analysis of Financial Condition and Results of
Operations -- Significant Recent Events" and "-- Risk Factors that
May Affect Future Results."
Meredith Enterprises (AMEX:MPQ)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Meredith Enterprises (AMEX:MPQ)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
MS Plus Phlx Oil Ser 03/20/07 (아메리카 증권거래소)의 실시간 뉴스: 최근 기사 0
More Meredith Enterprises, Inc. News Articles