Engle Homes Announces Outcome of Bond Redemption.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--March 10, 1998--Engle Homes, Inc. (Nasdaq/NMS: "ENGL"), a national homebuilder with operations in eight states, today announced the outcome of the Company's call for redemption of the balance of its Convertible Subordinated Notes due 2003 (the "Convertible Notes"). Prior to being redeemed, $14.8 million principle amount of the Convertible Notes were converted by the holders into 1,059,421 shares of the Company's common stock and $4,000 principle amount of such notes were redeemed. The Company currently has approximately 11.1 million shares of common stock outstanding.
Headquartered in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. , Engle Homes, Inc. designs, constructs, markets and sells single-family homes, townhomes, patio homes and condominiums in Florida; Denver, Colorado; Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation).
The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. ; Raleigh, North Carolina For other uses of this name, see Raleigh.
Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. ; Atlanta, Georgia; Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. ; Virginia and Maryland. The Company's financial services subsidiaries provide mortgage banking, primarily to the purchasers of its homes, and title insurance services. The Company's common stock trades on The Nasdaq National Market under the symbol "ENGL".
CONTACT: Engle Homes, Boca Raton
David Shapiro, Vice President Finance
561/391-4012, Extension 133
E mail: dshap123@aol