Broker Protection Period for KapStone Paper and Packaging Corporation's Warrants
04 Agosto 2009 - 5:57PM
PR Newswire (US)
NORTHBROOK, Ill., Aug. 4 /PRNewswire-FirstCall/ -- KapStone Paper
and Packaging Corporation (NASDAQ:KPPC) confirmed today that it
will provide a three day broker protection period in connection
with its warrants trading under the ticker symbol "KPPCW" on the
NASDAQ exchange. Warrant holders have until 4:00 PM ET on Monday,
August 17, 2009 to execute their warrants, and the warrant holders'
brokers have until 4:00 PM ET on Thursday, August 20, 2009, to
complete the transaction with the transfer agent, American Stock
Transfer. The Company had previously announced that the expiration
date for its approximately 37 million outstanding warrants, dated
as of August 19, 2005, has been extended through Monday, August 17,
2009. The original expiration date was set for Saturday, August 15,
2009. Each warrant entitles the holder to exchange one warrant plus
$5 for one share of Kapstone Paper and Packaging Corporation common
stock. Among the warrants expiring on August 17, 2009, are those
warrants comprising a part of the units of the Company trading on
the Over-the Counter Bulletin Board under the symbol "KPPCU.OB."
Each unit consists of one share of common stock of the Company and
two warrants. About the Company Headquartered in Northbrook, IL,
KapStone Paper and Packaging Corporation is a leading North
American producer of unbleached kraft paper products and
linerboard. The Company is the parent company of KapStone Kraft
Paper Corporation which includes paper mills in Roanoke Rapids, NC
and North Charleston, SC, a lumber mill in Summerville, SC, and
five chipping mills in South Carolina. The business employs
approximately 1,550 people. DATASOURCE: KapStone Paper and
Packaging Corporation CONTACT: Andrea K. Tarbox, Vice President and
Chief Financial Officer of KapStone Paper and Packaging
Corporation, +1-847-239-8812 Web Site:
http://www.kapstonepaper.com/
Copyright