Thunderbird Announces Purchase of Shares in Private Transaction
(firmenpresse) - PANAMA, REPUBLIC OF PANAMA -- (Marketwired) -- 09/10/15 -- Thunderbird Resorts Inc. ("Thunderbird") (EURONEXT: TBIRD)(FRANKFURT: 4TR) announces that the Company and three of its directors and officers purchased 1.2 million of its issued and outstanding common shares from a current shareholder in a private transaction. Thunderbird purchased 550,000 of the 1.2 million shares and the directors/officers purchased 650,000 of the 1.2 million of shares at 50 cents per share through the facilities of the Euronext Amsterdam in accordance with the applicable rules of the exchange concerning private transactions.
The Company's Board of Directors authorized the purchase of the shares and determined that the private transaction met the requirements of share repurchase pursuant to the Company's Articles of Association. The Company will enter into discretionary agreements with one or more banks to facilitate the purchase of Thunderbird shares within the parameters of this private transaction.
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: 10.09.2015 - 16:53 Uhr
Sprache: Deutsch
News-ID 419339
Anzahl Zeichen: 0
contact information:
Town:
PANAMA, REPUBLIC OF PANAMA
Kategorie:
Recreation
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