Middlesex Water Company Announces 5% Discount on Purchases of Shares of Its Common Stock to Investment Plan Participants
December 18 2018 - 3:30PM
Middlesex Water Company (NASDAQ:MSEX) today announced that, for a
limited period of time, it will offer shares of its Common Stock at
a 5% discount to participants in the Company’s Investment Plan
(“Plan”). This offer applies to all Common Stock purchases
made under the Plan, whether by optional cash payment or by
dividend reinvestment. The discount will be in effect
for purchases made by Plan participants commencing January 2, 2019
and will continue until 200,000 shares are purchased at the
discounted price or December 30, 2019, whichever event occurs
first. During this discount period, the purchase price of the
shares will be 95% of the fair market value of the shares on the
purchase dates, as described in the Company’s Plan Prospectus
(“Plan Prospectus”) dated December 13, 2018, only if purchased
through the Plan. New investors may enroll in the Plan
with an initial investment of at least $500.00.
A Registration Statement with respect to the Plan, which
includes the Plan Prospectus, has been filed with the Securities
and Exchange Commission (“SEC”). The Registration Statement
is on Form S-3 (SEC No. 333-205698). The entire registration
statement, which includes the Plan Prospectus, can be viewed online
at the SEC’s website: www.sec.gov.
Middlesex Water Company also has amended the Plan to eliminate the
withdrawal fee formerly assessed for stock purchased at the 5%
Discount and sold within six months after purchase. The
amended Plan Prospectus, filed December 13, 2018 sets forth all the
terms and conditions of the Plan, including discount purchase
details and instructions for enrolling in the Plan. The
amended Plan Prospectus is available online at the SEC’s website
above and at
(http://shareholder.broadridge.com/middlesexwater).
This announcement is not an offer to sell or a solicitation to
buy securities, which can be made only by means of the Plan
Prospectus.
About Middlesex Water CompanyMiddlesex Water
Company, organized in 1897, provides regulated and unregulated
water and wastewater utility services in New Jersey and Delaware
through various subsidiary companies. For additional information
regarding Middlesex Water Company, visit the Company's web site at
www.middlesexwater.com or call (732) 634-1500.
Contact:Bernadette Sohler, Vice President – Corporate
AffairsMiddlesex Water Company1500 Ronson RoadIselin, New
Jersey 08830(732) 638-7549www.middlesexwater.com
Middlesex Water (NASDAQ:MSEX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Middlesex Water (NASDAQ:MSEX)
Historical Stock Chart
From Apr 2023 to Apr 2024