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| NTS > SEC Filings for NTS > Form 8-K on 5-Jul-2012 | All Recent SEC Filings |
5-Jul-2012
Other Events, Financial Statements and Exhibits
As previously disclosed on Form 8-K filed with the Securities and Exchange Commission on February 13, 2012, NTS, Inc.'s (the "Company") Board of Directors adopted a buy-back plan (the "Plan") according to which the Company may, from time to time, repurchase its Series A Bonds (the "Bonds"), which are traded on the Tel Aviv Stock Exchange (the "TASE"). Under the Plan the Company and/or its subsidiaries are authorized to repurchase Bonds, directly and/or through a third party, for up to a total amount of NIS 5 million (approximately $1.28 million) in transactions on the TASE or outside the TASE, until December 31, 2012. The Board of Directors authorized the Company's management ("Management") to manage the performance of repurchases according to the Plan, including the conduct of negotiations, at such times, scopes, prices and other terms as Management deems fit.
On July 4, 2012, NTS Communications, Inc., a wholly-owned subsidiary of the Company, purchased pursuant to the Plan, in a single transaction outside the TASE, NIS 1,339,310 in par value of Bonds at an aggregate purchase price of NIS 1,091,537.65 (approximately $278,596).
Pursuant to the indenture governing the Bonds, any Bonds purchased by a subsidiary of the Company (as opposed to Bonds repurchased by the Company itself) are not canceled or removed from trading on the TASE.
(a) None.
(b) None.
(c) None.
(d) None.
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