FPL GROUP EXTENDS ODDLOT PROGRAM DEADLINE
FPL GROUP EXTENDS ODDLOT PROGRAM DEADLINE JUNO BEACH, Fla., Nov. 2 /PRNewswire/ -- FPL Group, Inc.
(NYSE: FPL) today announced that it is extending its oddlot program deadline from Nov. 2, 1992, to Nov. 16, 1992. The program allows shareholders who own fewer than 100 shares (an oddlot) of FPL Group common stock as of Sept. 23, 1992, to sell these shares without paying any brokerage commissions or account charges.
The company said that it wishes to continue to attract and retain individual investors, but that some shareholders have indicated they would welcome a no-cost way to sell small holdings. The oddlot program eliminates brokerage commissions and other related charges that often represent a disproportionate part of sales transactions for oddlot holders. Program details and instructions were sent today to all oddlot holders of FPL Group common stock. Shareholders wishing to participate in the program must submit all of their shares to FPL Group's paying agent, the Bank of Boston, by 5 p.m. EST on Nov. 16, 1992. During the extended period, each seller will receive the weighted average price per share based on the total proceeds from the open market sales of all shares submitted between Nov. 3-16, 1992. Shareholders needing any additional information about the program should call FPL Group Shareholder Services toll free at 800-222-4511. FPL Group, Inc. is a holding company, the principal subsidiary of which is Florida Power & Light Company, one of the largest electric utilities in the nation. -0- 11/2/92 /CONTACT: Kathy Scott of FPL Group, 305-552-3894 or 305-552-3895/ (FPL) CO: FPL Group, Inc. ST: Florida IN: UTI SU:
JB-SS -- FL002 -- 1437 11/02/92 09:40 EST
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|Date:||Nov 2, 1992|
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