ISE Plans Public Secondary Offering
August 24 2005 - 5:05PM
Business Wire
The International Securities Exchange, Inc. (NYSE: ISE) said today
that, at some time following the public release of its results for
the third quarter of 2005, it plans to file with the Securities and
Exchange Commission a registration statement for an offering of
shares of its Class A common stock by certain stockholders and
management in an underwritten secondary public offering. ISE will
not receive any proceeds from the sale of the shares. The offering
is currently expected to commence during the fourth quarter of 2005
or first quarter of 2006, subject to the SEC declaring the
registration statement effective and the receipt of all necessary
approvals. This announcement shall not constitute an offer to sell
or the solicitation of an offer to buy any securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which the offer, solicitation or sale
would be unlawful. This announcement is being issued pursuant to
and in accordance with Rule 135 under the Securities Act of 1933.
ISE Background The International Securities Exchange was founded on
the principle that technology fosters and infuses new efficiencies
and operational innovations into securities trading. After
developing an innovative market structure that integrated auction
market principles into an advanced screen-based trading system, ISE
launched the first fully electronic US options exchange in May
2000. ISE continually enhances its trading systems to provide
investors with the best marketplace to execute their options
orders. For more information about ISE, its products and its
technology, visit www.iseoptions.com. This press release contains
"forward looking statements." These statements relate to future
events or our future financial performance, and involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, levels of activity, performance or achievements, to
be materially different from those contemplated by the forward
looking statements. We undertake no ongoing obligation, other than
that imposed by law, to update these statements. Factors that could
affect our results, levels of activity, performance or achievements
and cause them to materially differ from those contained in the
forward looking statements can be found in our filings with the
Securities and Exchange Commission, including our registration
statement on Form S-1, current reports on Form 8-K and quarterly
reports on Form 10-Q.
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