Thomas Properties Group Announces Special Meeting of Stockholders
October 30 2013 - 5:30PM
Business Wire
Company Stockholders to Vote to Approve the Merger with
Parkway Properties, Inc. and Other Related Matters
Thomas Properties Group, Inc. (the “Company”) (NYSE:TPGI)
announced today that the Company will hold a Special Meeting of its
Stockholders (the “Special Meeting”) on Tuesday, December 17, 2013,
at 10:00 a.m. Pacific Time, at 515 South Flower Street, Sixth
Floor, Los Angeles, California 90071. The record date for
determination of stockholders entitled to vote at the Special
Meeting has been set as the close of business on Monday,
November 11, 2013. At the Special Meeting, the Company’s
stockholders will vote on the previously announced agreement and
plan of merger pursuant to which the Company will merge with and
into Parkway Properties, Inc. in a stock-for-stock transaction, as
well as other related proposals. Completion of the transaction is
subject to the approval of shareholders of both companies and
satisfaction of customary closing conditions.
About Thomas Properties Group, Inc.
Thomas Properties Group, Inc., is a full-service real estate
company that owns, acquires, develops and manages primarily office,
as well as mixed-use and residential properties on a nationwide
basis. The company's primary areas of focus are the acquisition and
ownership of premier properties, both on a consolidated basis and
through its strategic joint ventures, property development and
redevelopment, and property management and leasing activities. For
more information about Thomas Properties Group, Inc., please
visit www.tpgre.com.
Forward Looking Statements
Statements made in this press release that are not historical
may contain forward-looking statements which are based on TPGI’s
current expectations and assumptions. Such forward-looking
statements include, but are not limited to, statements about the
benefits of the agreements recently entered into by TPGI. Although
TPGI believes the expectations reflected in any forward-looking
statements are based on reasonable assumptions, these statements
are subject to numerous risks and uncertainties. Factors that could
cause actual results to differ materially from TPGI’s expectations
include TPGI’s ability to obtain lender consent to such
transactions, actual and perceived trends in various national and
economic conditions that affect global and regional markets for
commercial real estate services (including interest rates), the
availability of credit and equity investors to finance commercial
real estate transactions, our ability to enter into or renew leases
at favorable rates, which can be impacted by the financial
condition of our tenants, risks associated with the success of our
development and property redevelopment projects, general volatility
in the securities and credit markets, and the impact of tax laws
affecting real estate. For a discussion of some of the factors that
may cause our results to differ from management’s expectations, see
the information under the captions “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” in our Form 10-K for the year ended December 31, 2012
and our subsequent Form 10-Q quarterly reports, each of which is
filed with the Securities and Exchange Commission. TPGI disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Additional Information about the Proposed Merger and Where to
Find It
In connection with the proposed merger transaction with Parkway
Properties, Inc. (“Parkway”), Parkway has filed with the SEC a
registration statement on Form S-4 that includes a joint proxy
statement of Parkway and the Company that also constitutes a
prospectus of Parkway. Parkway and the Company also plan to file
other relevant documents with the SEC regarding the proposed
transaction. INVESTORS ARE URGED TO READ THE JOINT PROXY
STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE
SEC IF AND WHEN THEY BECOME AVAILABLE, BECAUSE THEY CONTAIN
IMPORTANT INFORMATION. You may obtain a free copy of the joint
proxy statement/prospectus and other relevant documents filed by
Parkway and the Company with the SEC at the SEC’s website at
www.sec.gov. Copies of the documents filed by Parkway with the SEC
will be available free of charge on Parkway’s website at
www.pky.com or by contacting Parkway Investor Relations at (407)
650-0593. Copies of the documents filed by the Company with the SEC
will be available free of charge on the Company’s website at
www.tpgre.com or by contacting Thomas Properties Investor Relations
at (213) 613-1900. Parkway and the Company and their respective
directors and executive officers and other members of management
and employees may be deemed to be participants in the solicitation
of proxies in respect of the proposed transaction. You can find
information about Parkway’s executive officers and directors in
Parkway’s definitive proxy statement filed with the SEC on April 4,
2013. You can find information about the Company’s executive
officers and directors in the Company’s definitive proxy statement
filed with the SEC on April 30, 2013. Additional information
regarding the interests of such potential participants is included
in the joint proxy statement/prospectus and may be included in
other relevant documents filed with the SEC if and when they become
available. You may obtain free copies of these documents from
Parkway or the Company using the sources indicated above. This
document shall not constitute an offer to sell or the solicitation
of an offer to buy any securities, nor shall there be any sale of
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. No offering of
securities shall be made except by means of a prospectus meeting
the requirements of Section 10 of the U.S. Securities Act of
1933.
Thomas Properties Group, Inc.Investor RelationsDiana
Laing, Chief Financial Officer213-613-1900
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