Post Holdings, Inc. (OTCMKTS:POSTU) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
On January 10, 2018, Post Holdings, Inc. (the “Company”) announced its Board of Directors declared a quarterly dividend of $0.9375 per share on the Company’s 3.75% Series B Cumulative Perpetual Convertible Preferred Stock (“Series B Preferred Stock”), for the dividend period from the date of November 15, 2017 to February 14, 2018. The dividend on the Company’s Series B Preferred Stock will be paid on February 15, 2018 to holders of record of Series B Preferred Stock as of the close of business on February 1, 2018.
The Board of Directors also declared a quarterly dividend of $0.625 per share on the Company’s 2.5% Series C Cumulative Perpetual Convertible Preferred Stock (“Series C Preferred Stock”), for the dividend period from the date of November 15, 2017 to February 14, 2018. The dividend on the Company’s Series C Preferred Stock will be paid on February 15, 2018 to holders of record of Series C Preferred Stock as of the close of business on February 1, 2018.
Item 8.01. Other Events.
Also on January 10, 2018, the Company announced that it has given notice for the redemption of all outstanding shares of the Company’s Series B Preferred Stock (CUSIP: 737446302).
The redemption date of the Series B Preferred Stock will be February 15, 2018 (the “Redemption Date”). The Series B Preferred Stock will be redeemed at a redemption price equal to $100.00 per share of Series B Preferred Stock, plus accrued and unpaid dividends up to, but excluding, the Redemption Date (the “Redemption Price”). With the payment of the quarterly dividend on the Company’s Series B Preferred Stock previously discussed, which will occur on the same date as the Redemption Date, the amount of accrued and unpaid dividends on the Series B Preferred Stock as of the Redemption Date will be $0.00 per share, and the Redemption Price will be $100.00 per share. Unless the Company defaults in making the payment of the Redemption Price, the Series B Preferred Stock will no longer be deemed outstanding and dividends on the Series B Preferred Stock will cease to accrue on and after the Redemption Date.
As of January 10, 2018, there were 1,471,297 shares of Series B Preferred Stock issued and outstanding.
A copy of the press release issued on January 10, 2018 is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
See Exhibit Index.
Post Holdings, Inc. ExhibitEX-99.1 2 ex99-1seriesbredeempr.htm EXHIBIT 99.1 – PRESS RELEASE Exhibit Exhibit 99.1Post Holdings Announces Redemption of 3.75% Series B Convertible Preferred Stock and Declares Dividend on Series B and Series C Convertible Preferred StockSt. Louis,…To view the full exhibit click here