Nobel Learning Communities, Inc. Announces Extension of Tender Offer for Outstanding Options
August 02 2011 - 4:01PM
Marketwired
Nobel Learning Communities, Inc. (NASDAQ: NLCI) ("Nobel Learning"
or the "Company"), a leading operator of private preschools,
elementary schools, middle schools and K-12 online distance
learning, today announced that it is notifying holders of options
to purchase shares of the Company's common stock (the "Options")
that the deadline for holders to tender their Options (the "tender
offer") has been extended from 5:00 p.m., New York City time, on
August 2, 2011, to 12:00 p.m., New York City time, on August 9,
2011.
The other terms and conditions of the tender offer as set forth
in the Offer to Purchase, dated July 5, 2011 and filed as an
exhibit to the Company's tender offer statement on Schedule TO
remain unchanged, including the deadline for withdrawals of tenders
of Options, the purchase price to be paid for tendered Options, and
the date for payment of the purchase price for the tendered
Options.
An amendment to the tender offer statement on Schedule TO
incorporating this change will be filed with the SEC. Materials
filed with the SEC are available without charge at the SEC's
website, www.sec.gov.
Our board of directors approved this tender offer and recommends
that all holders of eligible Options tender such Options for cash
pursuant to this offer.
This press release is for information only and is not an offer
to purchase, a solicitation of an offer to purchase, or a
solicitation of an offer to sell securities of the Company.
Questions relating to, and requests for copies of, the Offer to
Purchase and related materials should be directed to Nobel Learning
Communities, Inc., 1615 West Chester Pike, Suite 200, West Chester,
Pennsylvania 19382, tel: (484) 947-2000, Attention: Thomas Frank,
Chief Financial Officer, fax: (484) 947-2004;
Tom.Frank@nlcinc.com.
About Nobel Learning
Nobel Learning operates a national network of over 180
nonsectarian private Pre-K and K+ schools and a global K-12 online
distance learning community. All Nobel Learning schools are
dedicated to providing a high-quality private education, through
small class sizes, caring and skilled teachers, and attention to
individual learning styles. Nobel Learning also offers an array of
supplemental educational services, including before- and
after-school programs, the Camp Zone® summer program, learning
support programs, and specialty schools. For additional
information, please visit www.NobelLearning.com.
Forward-Looking Statements
This release contains, and the conference call in respect of the
subject matter hereof will contain, forward-looking statements
within the meaning of the "safe harbor" provisions of the federal
securities laws, including, without limitation, statements about
the expected timing, completion and effects of the proposed
transaction between the Company and Leeds Equity. These
forward-looking statements are subject to risks and uncertainties
that could cause actual events or results to differ materially from
such statements. The Company may not be able to complete the
proposed merger because of a number of factors, including, among
other things, the failure to obtain stockholder approval or the
failure to satisfy other closing conditions. Other risks and
uncertainties that may affect forward-looking statements are
described in the "Risk Factors" section and elsewhere in the
company's Annual Report on Form 10-K as filed with the Securities
and Exchange Commission ("SEC") on September 16, 2010. The Company
undertakes no obligation to update publicly any forward-looking
statements for any reason, even if new information becomes
available or other events occur in the future.
NLCI - F NLCI - G
For: Nobel Learning Communities, Inc. Tom Frank Chief Financial
Officer 484-947-2000
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