Canterbury Park's Chairman and Founder Adopts 10b5-1 Plan.SHAKOPEE, Minn. -- Canterbury Park Canterbury Park is a horse racing track located in Shakopee, Minnesota, USA. It runs a meet that consists of 69 racing days from early May to Labor Day, generally holding scheduled races Thursday through Sunday, with racing added on several holidays throughout the meet. Holding Corporation (AMEX AMEX See: American Stock Exchange :ECP (Enhanced Capabilities Port) See IEEE 1284. 1. ECP - Engineering Change Proposal. 2. ECP - Enhanced Capabilities Port. 3. ECP - Extended Capabilities Port. 4. ECP - Extended Concurrent Prolog. ) announced today that Curtis A. Sampson, the Company's Founder and Chairman of the Board has entered into a pre-arranged, systematic trading plan to sell Canterbury Park Holding Corporation (CPHC CPHC Central Pacific Hurricane Center CPHC Canadian Prostate Health Council CPHC Council of Public Health Consultants ) shares in accordance with guidelines specified by Rule 10b5-1 under the Securities Exchange Act of 1934 and CPHC policies with respect to insider sales. Rule 10b5-1 permits officers and directors of public companies to adopt pre-determined plans for selling specified amounts of stock. The plans may be entered into only when the director or officer is not in possession of material, nonpublic information Nonpublic information Information about a company that is not known by the general public, which will have a definite impact on the stock price when released. See: Insider trading. and may be used to gradually diversify investment portfolios over a period of time. Mr. Sampson's 10b5-1 Plan provides for the sale of approximately 110,000 shares of CPHC common stock beginning December 3, 2004. As of December 2, 2004, Mr. Sampson beneficially owned approximately 975,000 CPHC common shares. Mr. Sampson has designated a target price for the sale of the CPHC shares covered by the 10b5-1 Plan. If CPHC stock is not trading at or above the target price, the shares covered by the 10b5-1 Plan may not be sold. About Canterbury Park: Named to Fortune Small Business' July 2004, 100 fastest growing small companies list (#19), Canterbury Park Holding Corporation owns and operates Canterbury Park Racetrack, Minnesota's only pari-mutuel horse racing horse racing, trials of speed involving two or more horses. It includes races among harnessed horses with one of two particular gaits, among saddled Thoroughbreds (or, less frequently, quarterhorses) on a flat track, or among saddled horses over a turf course with facility. In addition, the Company is authorized under Minnesota law to host "unbanked" card games. Canterbury Park's Card Club operates 24 hours a day, seven days a week, and receives collection revenues from 31 poker tables, and 19 tables offering a variety of unbanked card games. The Company also conducts year-round wagering of simulcast horse racing and hosts a variety of other entertainment and special events at its facility in Shakopee, Minnesota Shakopee is a city in Scott County, Minnesota, United States. The population was 20,568 in the 2000 census, with an estimated 2004 population of just short of 30,000, representing a growth of around 43 percent. It is the county seat of Scott County6. . For more information about the Company please visit us at www.canterburypark.com. |
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