Centerplate Announces Cash Payments on Income Deposit Securities
29 Abril 2008 - 7:32PM
PR Newswire (US)
STAMFORD, Conn., April 29 /PRNewswire-FirstCall/ -- Centerplate,
Inc. (Amex: CVP; TSX: CVP.un), announced today that a cash payment
of U.S. $0.13 per Income Deposit Security will be payable on May
20, 2008 to holders of record of Income Deposit Securities at the
close of business on May 9, 2008. Each of the Income Deposit
Securities issued by the Company is comprised of one share of
common stock and a subordinated note. The total payment of U.S.
$0.13 reflects a cash dividend of U.S. $0.066 per share of common
stock for the monthly period beginning April 20, 2008 and ending
May 19, 2008 and includes an interest payment of U.S. $0.064 for
the monthly period beginning April 20, 2008 and ending May 19, 2008
as provided in the subordinated notes. As the Company previously
announced, it obtained an amendment to its senior credit facility
on April 1, 2008, permitting the Company to pay dividends and
interest on its subordinated notes through May 2008. The Company is
exploring its options to enable it to support its long-term growth
objectives and will disclose its plans when they are finalized.
Forward-Looking Statements This news release includes
forward-looking statements within the meaning of Section 27A of the
Securities Act and Section 21E of the Securities Exchange Act.
These statements may involve risks and uncertainties that could
cause actual results to differ materially from those described in
such statements. Although Centerplate believes that the
expectations reflected in these forward-looking statements are
reasonable, the company can give no assurance that these
expectations will prove to have been correct or that they will
occur. Important factors beyond Centerplate's control, including
general economic conditions, consumer spending levels, changing
trends in our business and competitive environment, the company's
borrowing capacity and the provisions of the credit agreement,
including the outcome of negotiations to amend its terms, the
provisions of its indenture, adverse weather conditions and other
factors, as well as the risks identified in the company's most
recent annual report on Form 10-K and other filings with the
Securities and Exchange Commission, could cause actual results to
differ materially from Centerplate's expectations. Centerplate
undertakes no obligation to update or review any forward-looking
statement, whether as a result of new information, future
developments or otherwise. Centerplate, Inc., with its principal
executive office in Stamford, CT, is a leading provider of food,
merchandise and related services, including concessions and
catering services in approximately 130 sports facilities,
convention centers and other entertainment venues throughout the
United States and Canada. Visit the company online at
http://www.centerplate.com/. For more information please contact:
Gael Doar Director of Communications 203-975-5941 DATASOURCE:
Centerplate, Inc. CONTACT: Gael Doar, Director of Communications,
Centerplate, Inc., +1- 203-975-5941, Web site:
http://www.centerplate.com/
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