Pitney Bowes Inc. Announces Redemption of Pitney Bowes International Holdings, Inc. Voting Preferred Stock, Series F
September 26 2016 - 9:00AM
Business Wire
Pitney Bowes Inc. (NYSE:PBI) (the “Company”) today announced
that its subsidiary Pitney Bowes International Holdings, Inc.
(“PBIH”) intends to redeem all outstanding shares of its Voting
Preferred Stock, Series F, par value $0.01 per share (the
“Preferred Stock”) on November 1, 2016 (the “Redemption Date”).
Pursuant to the terms of the Certificate of Designation
governing the Preferred Stock, the Preferred Stock is planned to be
redeemed on the Redemption Date at a redemption price per share
equal to $1,000.5104, representing a redemption price of $1,000 per
share of Preferred Stock plus an amount equal to all accumulated
and unpaid dividends to the Redemption Date.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, any securities, and shall not
constitute an offer, solicitation or sale in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful.
This document contains “forward-looking statements” about PBIH’s
intention to redeem the Preferred Stock. Forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties that could cause actual results to differ materially
from those projected. These risks and uncertainties include, but
are not limited to: administrative difficulties in effecting the
redemption of the Preferred Stock; mail volumes; the uncertain
economic environment; timely development, market acceptance and
regulatory approvals, if needed, of new products; fluctuations in
customer demand; changes in postal regulations; interrupted use of
key information systems; the ability to protect the Company’s
information technology systems against service interruptions,
misappropriation of data, or breaches of security resulting from
cyber-attacks or other events; management of outsourcing
arrangements; the implementation of a new enterprise business
platform; changes in business portfolio; the success of our
investment in rebranding the Company; the risk of losing some of
the Company’s larger clients in the Global Ecommerce segment;
integrating newly acquired businesses, including operations and
product and service offerings; foreign currency exchange rates;
changes in our credit ratings; management of credit risk; changes
in interest rates; the financial health of national posts;
increased customs and regulatory risks associated with cross-border
transactions; and other factors beyond its control as more fully
outlined in the Company’s 2015 Form 10-K Annual Report and other
reports filed with the Securities and Exchange Commission. The
Company assumes no obligation to update any forward-looking
statements contained in this document as a result of new
information, events or developments.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company powering
billions of transactions – physical and digital – in the connected
and borderless world of commerce. Clients around the world,
including 90 percent of the Fortune 500, rely on products,
solutions and services from Pitney Bowes in the areas of customer
information management, location intelligence, customer engagement,
shipping, mailing, and global ecommerce. And with the innovative
Pitney Bowes Commerce Cloud, clients can access the broad range of
Pitney Bowes solutions, analytics, and APIs to drive commerce. For
additional information visit Pitney Bowes, the Craftsmen of
Commerce, at www.pitneybowes.com.
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Pitney Bowes Inc.EditorialSheryl Battles, 203-351-6808VP,
CommunicationsorFinancialAdam David, 203-351-7175VP, Investor
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