Completion of the public offering is expected to reduce BNP Paribas’ beneficial ownership stake in the Company’s common stock from approximately 33.3% to approximately 18.4%. If the underwriters’ option is exercised in full, BNP Paribas’ remaining beneficial stake would be reduced to approximately 16.2%.
The Company will not be issuing any shares in connection with the offering and will not receive any proceeds from the offering. The proposed offering will not change the number of shares of the Company’s common stock that are currently outstanding.
The offering will be made only by means of a prospectus supplement and the accompanying prospectus, copies of which, when available, may be obtained from: J.P. Morgan, Attn: Prospectus Department, c/o
The Company has filed a registration statement (including a prospectus) with the
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. These statements are often, but not always, made through the use of words or phrases such as “may”, “might”, “should”, “could”, “predict”, “potential”, “believe”, “expect”, “continue”, “will”, “anticipate”, “seek”, “estimate”, “intend”, “plan”, “projection”, “would”, “annualized” and “outlook”, or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. For a discussion of some of the risks and important factors that could affect our future results and financial condition, see our
|Investor Relations Contact:||Media Contact:|
|Kevin Haseyama, CFA||Chris Dods|
|(808) 525‑6268||(808) 525‑8880|
Source: First Hawaiian, Inc.