FM PROPERTIES INC. COMMENCES COMMISSION-FREE SHAREHOLDER SALES PLAN FOR HOLDERS OF FEWER THAN 100 COMMON SHARES.NEW ORLEANS--(BUSINESS WIRE)--Aug. 15, 1995--FM Properties Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FMPO) announced today that it has commenced a commission- free shareholder sales plan for holders of fewer than 100 shares of its common stock. Under the plan, Chemical Mellon Shareholder Services ("CMSS CMSS Creative Multi-Speaker Surround CMSS Council of Medical Specialty Societies CMSS Call Management Server Signaling CMSS Capital Markets Surveillance Services (Sydney, Australia) CMSS Configuration Management Support System ") will act as agent for FMPO common shareholders who owned as of August 8, 1995 fewer than 100 shares of FMPO common stock (including any shares jointly held and any shares held by a bank or broker) and who wish to sell all of such shares. CMSS will accumulate the common shares of participating shareholders and sell such shares in round-lots in the open- market. Participating shareholders will receive a weighted average price per share that is based upon the gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. price from actual open-market sales of shares accepted for tender through September 15, 1995. All commissions associated with the plan will be paid by FMPO. FMPO makes no recommendation as to whether shareholders should participate in the plan, and the plan is not a solicitation by CMSS or FMPO for FMPO common stock. The plan will expire at 5:00 p.m. (New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time) on September 15, 1995, unless extended by FMPO. FMPO is engaged in the development and marketing of real estate assets in the Austin, Dallas, Houston and San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. areas. CONTACT: Freeport McMoRan Resource Partners, New Orleans Craig E. Saporito, 504/582-4476 or Chris D. Sammons, 604/582-4474 |
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