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Clearwater, Florida,
- May 14, 2004: Nicholas Financial, Inc. (Nasdaq, NICK) today announced
that it has priced its previously announced public offering of common
stock at $8.00 per share. The Company is issuing 1,100,000 shares in the
offering. The proceeds of the issuance are expected to be used to pay
down the Company’s line of credit. In addition, approximately 900,000
shares of common stock will be sold by a group of selling shareholders.
The offering is expected to close on or about May 18, 2004.
Ferris, Baker Watts, Incorporated is serving as the managing underwriter
for the offering. The Company has also granted the underwriter an option
to purchase up to 300,000 additional shares of common stock to cover
over-allotments, if any.
The registration statement relating to these securities has been filed
with the Securities and Exchange Commission and has been declared
effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the common stock, which is being made
only pursuant to the prospectus relating to the offering, nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. Copies of the
prospectus relating to this offering may be obtained from the offices of
Ferris Baker Watts Inc., 100 Light Street, 8th Floor, Baltimore,
Maryland 21202.
Founded in 1985, Nicholas Financial provides specialty consumer finance
products through its 32 branch offices located throughout the eastern
United States.
Except for the historical information contained herein, the matters discussed
in this news release include forward-looking statements that involve risks
and uncertainties detailed from time to time in the Company's filings and
reports with the Securities and Exchange Commission. Such statements are
based on the beliefs of the Company's management as well as assumptions made
by and information currently available to Company management. Actual events
or results may differ materially.
Download Adobe Acrobat version of this press release.
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