NEW YORK, May 11, 2016 /PRNewswire/ -- DHI
Group, Inc. (NYSE: DHX) ("DHI" or the "Company"), a leading
provider of data, insights and connections through our specialized
services for professional communities, today announced that it was
advised by Quadrangle Group LLC ("Quadrangle"), one of the original
investors in DHI since 2005, that Quadrangle entities have
distributed a final 2.5 million shares of DHI common stock to
their limited and general partners effective May 11, 2016. After this distribution,
Quadrangle will have fully distributed its shares in DHI and will
not hold any more shares in the Company. The shares
distributed to all of the partners will be immediately eligible to
be freely traded.
The number of shares of DHI common stock outstanding was
approximately 51.9 million as of April 22,
2016 and was not affected by Quadrangle's
distribution. The Company will not receive any proceeds by
virtue of the distribution.
Investor Contact
Courtney Chamberlain
Investor Relations/Public Relations Associate
DHI Group, Inc.
212-448-4181
ir@dhigroupinc.com
Media Contact
Rachel Ceccarelli
Director, Corporate Communications
DHI Group, Inc.
212-448-8288
media@dhigroupinc.com
About DHI Group, Inc.
DHI Group, Inc. (NYSE: DHX) is a leading provider of data,
insights and connections through our specialized services for
professional communities including technology and security
clearance, financial services, energy, healthcare and hospitality.
Our mission is to empower professionals and organizations to
compete and win through expert insights and relevant employment
connections. Employers and recruiters use our websites and services
to source and hire the most qualified professionals in select and
highly-skilled occupations, while professionals use our websites
and services to find the best employment opportunities in and the
most timely news and information about their respective areas of
expertise. For more than 25 years, we have built our company on
providing employers and recruiters with efficient access to
high-quality, unique professional communities, and offering the
professionals in those communities access to highly-relevant career
opportunities, news, tools and information. Today, we serve
multiple markets located throughout North
America, Europe, the
Middle East and the Asia Pacific region.
Forward-Looking Statement
This press release and oral statements made from time to time by
our representatives contain forward-looking statements. You should
not place undue reliance on those statements because they are
subject to numerous uncertainties and factors relating to our
operations and business environment, all of which are difficult to
predict and many of which are beyond our control. Forward-looking
statements include information without limitation concerning our
possible or assumed future results of operations, including
descriptions of our business strategy. These statements often
include words such as "may," "will," "should," "believe," "expect,"
"anticipate," "intend," "plan," "estimate" or similar
expressions. These statements are based on assumptions that
we have made in light of our experience in the industry as well as
our perceptions of historical trends, current conditions, expected
future developments and other factors we believe are appropriate
under the circumstances. Although we believe that these
forward-looking statements are based on reasonable assumptions, you
should be aware that many factors could affect our actual financial
results or results of operations and could cause actual results to
differ materially from those in the forward-looking
statements. These factors include, but are not limited to,
competition from existing and future competitors in the highly
competitive market in which we operate, failure to adapt our
business model to keep pace with rapid changes in the recruiting
and career services business, failure to maintain and develop our
reputation and brand recognition, failure to increase or maintain
the number of customers who purchase recruitment packages,
cyclicality or downturns in the economy or industries we serve,
failure to attract qualified professionals to our websites or grow
the number of qualified professionals who use our websites, failure
to successfully identify or integrate acquisitions, U.S. and
foreign government regulation of the Internet and taxation, our
ability to borrow funds under our revolving credit facility or
refinance our indebtedness and restrictions on our current and
future operations under such indebtedness. These factors and
others are discussed in more detail in the Company's filings with
the Securities and Exchange Commission, all of which are
available on the Investors page of our website
at www.dhigroupinc.com, including the Company's Annual Report
on Form 10-K for the fiscal year ended December 31, 2015,
under the headings "Risk Factors," "Forward-Looking Statements" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations."
You should keep in mind that any forward-looking statement made
by the Company or its representatives herein, or elsewhere, speaks
only as of the date on which it is made. New risks and
uncertainties come up from time to time, and it is impossible to
predict these events or how they may affect us. We have no
obligation to update any forward-looking statements after the date
hereof, except as required by applicable law.
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SOURCE DHI Group, Inc.