ZIEGLER AMENDS STOCK REPURCHASE PROGRAM
May 01, 2012
OTC Disclosure News Service
Chicago, IL –
CHICAGO, IL – May 1, 2012. The Ziegler Companies, Inc. (PINKSHEETS: ZGCO) is pleased to announce a price per share increase from $20.00 to $23.00 and the extension of its stock repurchase program in accordance with the provisions of Rule 10b5-1 of the Securities Exchange Act to June 30, 2014. It is the company’s intent to purchase up to 25,000 shares of its common stock on a first-come-first-served basis per calendar quarter. To the extent the company purchases less than 25,000 shares in any given quarter, such un-purchased amounts will be added to the authorized shares available for purchase in future quarters.
Interested parties are asked to contact Tom Perry, VP of Retail Trading for Ziegler, as the company’s buyer representative of company stock. Mr. Perry can be contacted at (312) 596-1556 between 8:30 a.m. CT and 3:00 p.m. CT. The stock repurchase program began May 28, 2010. If the company fills its 25,000 quarterly goals, it will seek other buyers in order to satisfy shareholder requests. A director of the company has adopted a similar Rule 10b5-1 program to be able to participate as an additional purchaser of any shares after the company satisfies the 25,000 share limit. The company reserves the right to discontinue the repurchase plan at any time.
For more information about Ziegler, please visit us at www.Ziegler.com.
The Ziegler Companies, Inc. (PINKSHEETS: ZGCO) together with its affiliates (Ziegler) is a specialty investment bank with unique expertise in complex credit structures and advisory services. Headquartered in Chicago with regional and branch offices throughout the U.S., Ziegler creates tailored financial solutions for our clientele. Ziegler is ranked nationally as one of the leading investment banking firms in our specialty sectors of healthcare, senior living, religion, and education finance as well as corporate finance and FHA/HUD. Ziegler serves institutional and individual investors through our capital markets and full-service wealth management professionals.
Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.
# # #
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.