Elephant & Castle Group Inc. Announces Reverse Share Split.Business Editors, Food Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--March 23, 2000 Elephant & Castle Group Inc. (Nasdaq:PUBCD) (PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :PUB) At the Extraordinary General Meeting of Shareholders held on March 23, 2000, the shareholders passed a Special Resolution changing the Company's share capital by consolidating each two shares into one share (ie. a "1 for 2 reverse split"). No fractional shares are to be issued in connection with this reverse split and the number of shares registered in the name of each shareholder will be, in each case, rounded down to the nearest whole number of shares. All share certificates issued prior to the effective date will remain valid but will represent one-half of the number of shares stated thereon. Trading on the new basis will commence Monday, March 27, 2000 under the symbol PUBCD. Elephant & Castle(R) Group Inc. is the largest operator and franchisor of authentic British-style pubs with 23 locations throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . In addition, the company owns and franchises the Southwestern-theme restaurant concept called Alamo Alamo Eighteenth-century mission in San Antonio, Texas, site of a historic siege of a small group of Texans by a Mexican army (1836) during the Texas war for independence from Mexico. Grill(TM), currently located at the Mall of America Mall of America (also MOA, MoA, or the Megamall) is a shopping mall located in the Twin Cities suburb of Bloomington, Minnesota. It is just southeast of the junction of Interstate 494 and Minnesota State Highway 77, and is across the interstate from the in Bloomington, Minnesota Bloomington is a city in Hennepin County, Minnesota, and a southern suburb of Minneapolis. As of 2005, it had a population of 84,347, making it the largest Twin Cities suburb, and the fifth largest city in the state[1]. , Franklin Mills Franklin Mills is an enclosed shopping mall located in northeast Philadelphia, Pennsylvania, bordering Bensalem in Bucks County and 15 miles outside Center City.[1] Mall in Philadelphia, Pennsylvania and College Park, Atlanta. Elephant & Castle Group Inc. also has a joint venture agreement with Rainforest Cafe Rainforest Cafe is a themed restaurant chain owned by Landry's Restaurants, Inc. of Houston, Texas. It was founded and created by entrepreneur Steven Schussler. Description Inc. - NASDAQ - (RAIN) to develop and operate the Rainforest Cafe restaurant and retail facilities in Canada. This news release (as well as information included in oral statements or other written statements made or to be made by the Company) may contain forward-looking statements, such as statements relating to future expansion, that involve risks and uncertainties relating to future events. Actual events or the Company's results may differ materially from the results discussed in the forward-looking statement. The Company does not expect to update forward-looking statements continually as conditions change. These risks and uncertainties include, but are not limited to, those relating to competition, fluctuations and changes in consumer preferences and attitudes, intellectual property protection, development and construction activities. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements contained in the company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission for the fiscal year ended December 28, 1998. |
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