Signature Group Holdings, Inc. (OTCQX:SGRH) (“Signature” or the
“Company”) today announced that it has received approval to list its
common shares on the Nasdaq Global Select Market.
The common shares are expected to commence trading on the Nasdaq Global
Select Market on Tuesday, April 21, 2015, under the symbol “RELY”. Prior
to its move to The NASDAQ Stock Market LLC (the “NASDAQ”), the Company
will continue to trade on the OTC Markets under the symbol SGRH.
As previously announced, the Company intends to change its corporate
name to Real Industry, Inc., to better reflect the Company’s strategy of
engaging in strategic business acquisitions focused on sectors that
include transportation, food, water and energy. The corporate name
change is subject to stockholder approval.
Craig T. Bouchard, Chairman and CEO of Signature, stated, “We are
delighted to make the shift over to the NASDAQ. This transition marks an
important milestone for our Company. We believe that trading on NASDAQ
will lead to increased and improved liquidity, an expansion in our
shareholder base and, ultimately, to increased shareholder value.”
Conference Call Reminder
As previously announced, the Company will hold a conference call for
investors this afternoon (Thursday, April 16, 2015), at 4:30 p.m. ET,
which will include prepared remarks by management to provide an update
on the Company, including its Real Alloy business, strategy and
objectives. This will be followed by a Q&A session.
Call Participants
-
Craig Bouchard, Chairman of the Board and Chief Executive Officer of
Signature
-
Kyle Ross, Executive Vice President and Chief Financial Officer of
Signature
-
John Miller, newly-named Executive Vice President of Operations of
Signature
-
Terry Hogan, President of Real Alloy
-
Mike Hobey, Chief Financial Officer of Real Alloy
Dial-in Numbers
(877) 407-9163 (Toll-free U.S. & Canada)
(412) 902-0043
(International)
Webcast Access
Participants may also access the live call via webcast at http://signaturegroupholdings.equisolvewebcast.com/inv-update.
The webcast will be archived and accessible for approximately 30 days.
About Signature Group Holdings, Inc.
Signature is a North America-based holding company seeking to invest its
capital in large, well-managed and consistently profitable businesses
concentrated primarily in the United States industrial and commercial
marketplace. Signature has significant capital resources, and federal
net operating loss tax carryforwards of more than $900 million. For more
information about Signature, visit its corporate website at www.signaturegroupholdings.com.
Cautionary Statement Regarding Forward-Looking Statements
This release contains forward-looking statements, which are based on our
current expectations, estimates, and projections about Signature’s and
its subsidiaries’ businesses and prospects, as well as management’s
beliefs, and certain assumptions made by management. Words such as
“anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,”
“estimates,” “may,” “should,” “will” and variations of these words are
intended to identify forward-looking statements. Such statements speak
only as of the date hereof and are subject to change. Signature
undertakes no obligation to revise or update publicly any
forward-looking statements for any reason. These statements include, but
are not limited to, statements about Signature’s and its subsidiaries’
rebranding efforts, expansion and business strategies; anticipated
growth opportunities; the amount of capital-raising necessary to achieve
those strategies; utilization of federal net operating loss tax
carryforwards; listing on a national securities exchange; as well as
future performance, growth, operating results, financial condition and
prospects. Such statements are not guarantees of future performance and
are subject to certain risks, uncertainties, and assumptions that are
difficult to predict. Accordingly, actual results could differ
materially and adversely from those expressed in any forward-looking
statements as a result of various factors. Important factors that may
cause such a difference include, but are not limited to Signature’s
ability to successfully identify, consummate and integrate acquisitions
and/or other businesses; Signature’s ability to successfully rebrand
itself with a new name; changes in business or other market conditions;
the difficulty of keeping expense growth at modest levels while
increasing revenues; Signature’s ability to successfully defend against
current and new litigation and indemnification matters, as well as
demands by investment banks for defense, indemnity, and contribution
claims; Signature’s ability to access and realize value from its federal
net operating loss tax carryforwards; Signature’s ability to identify
and recruit management and directors; Signature’s ability to satisfy and
maintain the listing requirements of the NASDAQ; and other risks
detailed from time to time in Signature’s Securities and Exchange
Commission filings, including but not limited to the most recently filed
Annual Report on Form 10-K and subsequent reports filed on Forms 10-Q
and 8-K.
Rule 14a-12 Legend
On April 10, 2015, Signature filed a preliminary proxy statement in
connection with its 2015 annual meeting of stockholders. Prior to the
annual meeting, Signature will furnish a definitive proxy statement to
its stockholders, together with a proxy card. Signature stockholders are
strongly advised to read Signature’s proxy statement as it contains
important information. Stockholders may obtain Signature’s preliminary
proxy statement, any amendments or supplements to the proxy statement
and other documents filed by Signature with the Securities and Exchange
Commission for free at the Internet website maintained by the Securities
and Exchange Commission at www.sec.gov.
Copies of the definitive proxy statement and any amendments and
supplements to the definitive proxy statement will also be available for
free at Signature’s Internet website at www.signaturegroupholdings.com
or by writing to Signature Group Holdings, Inc., 15301 Ventura Boulevard
Suite 400, Sherman Oaks, California 91403. In addition, copies of
Signature’s proxy materials may be requested by contacting our proxy
solicitor, Morrow & Co., LLC at 800-662-5200 toll-free. Detailed
information regarding the names, affiliations and interests of
individuals who are participants in the solicitation of proxies of
Signature’s stockholders is available in Signature’s preliminary proxy
statement filed with the Securities and Exchange Commission on April 10,
2015.
Copyright Business Wire 2015