Chart House Announces Sale Price for Preferred Stock.Business Editors & Food/Restaurant Writers CHICAGO--(BUSINESS WIRE)--May 31, 2001 Chart House Enterprises, Inc. (NYSE NYSE See: New York Stock Exchange : CHT CHT Chart CHT Center for Health Transformation (Washington, DC) CHT Chittagong Hill Tracts (Bangladesh region) CHT Certified Hypnotherapist CHT Cylinder Head Temperature CHT Certified Hand Therapist ) announced today that the sale price for the preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. to be sold in connection with the rights offering announced on February 23, 2001 will be $2.25 per share. In the rights offering, Chart House's stockholders of record on June 4, 2001 will be given the opportunity to purchase, on a pro rata [Latin, Proportionately.] A phrase that describes a division made according to a certain rate, percentage, or share. In a Bankruptcy case, when the debtor is insolvent, creditors generally agree to accept a pro rata share of what is owed to them. basis, one share of a new series of preferred stock for approximately every 3.127 shares of Chart House common stock held on such date. Each share of preferred stock will be convertible into one share of Chart House common stock. The registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the rights offering was declared effective under the Securities Act of 1933, as amended, by the Securities and Exchange Commission on May 31, 2001. Headquartered in Chicago, Chart House Enterprises, Inc. currently operates 48 restaurants in 17 states. They include the California-inspired Chart House Restaurants, known for great seafood, spectacular locations, and breathtaking views; Angelo and Maxie's, a popular steakhouse; and the South Pacific-inspired Peohe's Restaurant located in Coronado, California. Further information about Chart House Restaurants is available online at www.chart-house.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended: Statements in this press release that are not historical facts and refer to the company's future prospects are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identified by words such as "expect," "anticipate," "intend," "believe," "hope," "assume," "estimate" and other similar words and expressions. The statements are subject to risks and uncertainties and actual results may differ materially from those indicated by these forward-looking statements as a result of various factors. |
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