Ziegler Announces Stock Repurchase Program
November 16 2010 - 4:00PM
Marketwired
The Ziegler Companies, Inc. (PINKSHEETS: ZGCO) is pleased to
announce a stock repurchase program in accordance with the
provisions of Rule 10b5-1 of the Securities Exchange Act. It is the
company's intent to purchase up to 25,000 shares of its common
stock on a first come first serve basis per calendar quarter in
2010 at a price of up to $19.00 per share of common stock. To the
extent that the Company purchases less than 25,000 shares in any
given quarter, such unpurchased amounts will be added to the
authorized shares available for purchase for each quarter going
forward. 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 begins November 22, 2010. If the
company fills its 25,000 quarterly goals, it will seek other buyers
in order to satisfy shareholder requests and a director 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.
About Ziegler: 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. Nationally, Ziegler is ranked as
one of the leading investment banking firms in its specialty
sectors of healthcare, senior living, religion and education
finance, as well as corporate finance and FHA/HUD. Headquartered in
Chicago, IL with regional and branch offices throughout the U.S.,
Ziegler creates tailored financial solutions including bond
financing, advisory, private placement, seed capital, M&A, risk
and asset management. Ziegler serves institutional and individual
investors through its wealth management and capital markets
distribution channels.
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.
Gary Engle 312-596-1622 Email Contact
Ziegler Companies (CE) (USOTC:ZGCO)
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