Thunderbird Announces Share Buy Back Program
(Thomson Reuters ONE) -
Thunderbird Resorts Inc. /
Thunderbird Announces Share Buy Back Program
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PANAMA, REPUBLIC OF PANAMA--(Marketwired - August 30, 2013) - Thunderbird
Resorts Inc. ("Thunderbird") (FRANKFURT: 4TR)(EURONEXT: TBIRD) announces its
intention to potentially repurchase a portion of its issued and outstanding
common shares. The Board of Directors authorized Thunderbird to acquire up to an
aggregate of 1,300,000 of its issued and outstanding common shares over a term
not to exceed twelve (12) months and to expend not more than USD$1,000,000 in
the aggregate (the "Buy Back Program"). Thunderbird has the intention to buy
back shares, but at its discretion it could choose not to purchase shares
depending on various market conditions and factors.
The Buy Back Program authorization will commence on September 1, 2013, and will
terminate on the earlier of August 31, 2014 or on the date all shares which are
subject to the Buy Back Program have been purchased. All purchases will be
affected at market prices through the facilities of the NYSE Euronext in
Amsterdam in accordance with the applicable rules of this exchange. Thunderbird
has not, prior to the date above, purchased any securities under this Buy Back
Program. Thunderbird will enter into discretionary agreements with one or more
banks to repurchase Thunderbird shares within the parameters of this Buy Back
Program.
Document Availability
We previously reported on August 23, 2013, that copies of the Half-year Report
2013 in the English language are available at no cost at the offices of our
local paying agent ING Bank N.V. The contact information for ING Bank N.V. has
changed. The department to contact is ING CB CBS/SecServ/IS/PAS. The address is
Bijlmerplein 888, location code: AMP L.02.007, 1102 MG Amsterdam, the
Netherlands (tel: +31 20 563 6619, fax: +31 20 563 6959, email iss.pas(at)ing.nl.
The Half-year Report 2013 can also be found on our website at
http://thunderbirdresorts.com/investors/.
ABOUT THE COMPANY
We are an international provider of branded casino and hospitality services,
focused on markets in Latin America. Our mission is to "create extraordinary
experiences for our guests." Additional information about the Group is available
at www.thunderbirdresorts.com.
Cautionary Notice: This release contains certain forward-looking statements
within the meaning of the securities laws and regulations of various
international, federal, and state jurisdictions. All statements, other than
statements of historical fact, included herein, including without limitation,
statements regarding potential revenue and future plans and objectives of the
Group are forward-looking statements that involve risk and uncertainties. There
can be no assurances that such statements will prove to be accurate and actual
results could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the
Group's forward-looking statements include competitive pressures, unfavorable
changes in regulatory structures, and general risks associated with business,
all of which are disclosed under the heading "Risk Factors" and elsewhere in the
Group's documents filed from time-to-time with the AFM and other regulatory
authorities.
Contact Information
Contacts:
Thunderbird Resorts Inc.
Peter LeSar
Chief Financial Officer
(507) 223-1234
plesar(at)thunderbirdresorts.com
www.thunderbirdresorts.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thunderbird Resorts Inc. via Thomson Reuters ONE
[HUG#1726430]
Unternehmensinformation / Kurzprofil:
Datum: 30.08.2013 - 21:09 Uhr
Sprache: Deutsch
News-ID 292619
Anzahl Zeichen: 4566
contact information:
Town:
El Cangrejo, Apartado
Kategorie:
Business News
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