Thunderbird Resorts Inc.: Stock Market Update
(firmenpresse) - PANAMA, REPUBLIC OF PANAMA -- (Marketwired) -- 10/17/14 -- Thunderbird Resorts Inc ("Thunderbird") (FRANKFURT: 4TR)(EURONEXT: TBIRD) announces that certain U.S. intermediaries and brokerage institutions have issued a new policy that may impact Thunderbird shareholders. These intermediaries and brokerage institutions offer securities trading, clearing and settlement and have instituted a policy with respect to their clients' accounts in order to take appropriate action concerning shares that are priced at less than USD1.00.
Thunderbird has now taken the necessary steps to convert its primary listing trading currency on the Euronext Amsterdam from U.S. dollars to Euros. Management believes that this conversion of trading in Euros versus USD may facilitate trading of our shares in light of the policy change of the U.S. intermediaries and brokerage institutions which applies to shares that are priced at less than USD 1.00. We anticipate a suspension of trading of Thunderbird's shares for 2 trading days beginning October 29, 2014 to allow final clearing and settlement of USD trades. The conversion on trading currency from USD to Euro will have no impact on Thunderbird's existing CUSIP number (G88576106) and ISIN number (VGG885761061) which remain unchanged.
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 .
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.
Contacts:
Thunderbird Resorts Inc.
Peter LeSar
Chief Financial Officer
(507) 223-1234
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Datum: 17.10.2014 - 19:36 Uhr
Sprache: Deutsch
News-ID 345008
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Town:
PANAMA, REPUBLIC OF PANAMA
Kategorie:
Recreation
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