Green Bancorp, Inc. Announces Secondary Offering of Common Stock
May 23 2018 - 4:09PM
Green Bancorp, Inc. (NASDAQ:GNBC) (the "Company"), announced
today that certain of the Company's shareholders (the "Selling
Shareholders") intend to offer in an underwritten public offering
an aggregate of 2,000,000 shares of the Company's common stock,
subject to market conditions. The offering consists entirely of
secondary shares to be sold by the Selling Shareholders. The
Company will not receive any of the proceeds from the shares sold
in the Offering. In connection with the offering, the Selling
Shareholders expect to grant the underwriter an option for a period
of 30 days to purchase up to an additional 300,000 shares of common
stock.
Barclays is acting as sole underwriter for the offering.
The offering will be made pursuant to the Company's effective
shelf registration statement filed with the Securities and Exchange
Commission (the "SEC"). The offering will be made only by means of
a prospectus and a related prospectus supplement. Prospective
investors should read the prospectus supplement and the prospectus
in that registration statement and other documents the Company has
filed or will file with the SEC for more complete information about
the Company and the offering. You may obtain these documents for
free by visiting EDGAR on the SEC's website at www.sec.gov.
Alternatively, copies of the prospectus and prospectus supplement
may be obtained from Barclays Capital Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
email: Barclaysprospectus@broadridge.com, telephone: (888)
603-5847.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy shares of common stock, nor shall
there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
ABOUT GREEN BANCORP, INC.
Headquartered in Houston, Texas, Green Bancorp is a bank holding
company that operates Green Bank in the Houston and Dallas
metropolitan areas and Austin, Louisville and Honey Grove.
Commercial-focused, Green Bank is a nationally chartered bank
regulated by the Office of the Comptroller of the Currency, a
division of the Department of the Treasury of the United
States.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including, but not
limited, to statements relating to the offering. These statements
are based on management's current expectations and beliefs and are
subject to a number of trends and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements, many of which are beyond our control.
The Company can give no assurance that its expectations will be
attained. Accordingly, you should not place undue reliance on any
forward-looking statements contained in this press release.
For a discussion of some of the risks and important factors that
could affect such forward-looking statements, see the sections
entitled "Risk Factors" in the prospectus supplement and the
prospectus related to the offering and in the Company's Annual
Report on Form 10-K and Quarterly Reports on Form 10-Q, as well as
the sections entitled "Management's Discussion and Analysis of
Financial Condition and Results of Operations" incorporated by
reference in the prospectus supplement related to the offering from
the Company's Annual Report on Form 10-K and Quarterly Reports on
Form 10-Q. In addition, new risks and uncertainties emerge from
time to time, and it is not possible for the Company to predict or
assess the impact of every factor that may cause its actual results
to differ from those contained in any forward-looking statements.
Such forward-looking statements speak only as of the date of this
press release. The Company expressly disclaims any obligation to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company's
expectations with regard thereto or change in events, conditions or
circumstances on which any statement is based.
Media & Investor Relations Contacts:
Geoff Greenwade |
Terry Earley |
President |
Chief Financial
Officer |
713-275-8203 |
713-316-3672 |
ggreenwade@greenbank.com |
tearley@greenbank.com |
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