The York Water Company Announces Proposed Public Offering of Common Stock
01 April 2022 - 7:54AM
The York Water Company (“York Water” or the “Company”) (NASDAQ:
YORW), a provider of water and wastewater utility services,
announced today a proposed public offering of 825,000 shares of its
common stock. York Water are offering all of the shares. In
addition, York Water intends to grant the underwriters a 30-day
option to purchase up to an additional 123,750 shares of its common
stock.
York Water intends to use the net proceeds from the offering for
general corporate purposes, including our capital investment
program, repayment of outstanding indebtedness, and potential
acquisitions.
Janney Montgomery Scott is acting as sole book-running manager
for the offering. The offering is subject to market and other
customary closing conditions, and York Water cannot assure you as
to whether or when the offering may be completed.
The proposed offering will be made pursuant to an effective
shelf registration statement filed with the Securities and Exchange
Commission (the “SEC”) on Form S-3 (Registration No.
333-259809).
The offering may be made only by means of a prospectus
supplement and an accompanying prospectus. A preliminary prospectus
supplement relating to the offering has been filed with the SEC.
Copies of the preliminary prospectus supplement and the
accompanying prospectus may be obtained by visiting EDGAR on the
SEC’s website at www.sec.gov or from: Janney Montgomery Scott LLC,
Attn: Equity Capital Markets Group, 60 State Street, Boston, MA
02109, or by email at prospectus@janney.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of any
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
This news release may contain forward-looking
statements regarding the Company’s operational and financial
expectations. These statements are based on currently available
information and are subject to risks, uncertainties, and other
events which could cause the Company’s actual results to be
materially different from the results described in this statement.
The Company undertakes no duty to update any forward-looking
statement. More information concerning forward-looking statements
can be found in the Company’s SEC filings with the SEC at
sec.gov.
Contact:
JT Hand, President and CEO
jth@yorkwater.com, 717-718-7554
or
Matthew E. Poff, Chief Financial Officer
matthewp@yorkwater.com, 717-718-7549
Phone: 717-845-3601
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