Ruth’s Hospitality Group, Inc. (Nasdaq: RUTH) announced today that the Securities and Exchange Commission (the “SEC”) has declared effective its universal shelf registration statement on Form S-3.
Under the registration statement, the Company may from time to time issue up to $200 million of any combination of common stock, preferred stock and debt securities (including preferred stock or debt convertible into common stock and depositary shares representing preferred stock), or warrants, subscription rights, share purchase contracts or share purchase units consisting of any of the foregoing. The net proceeds of any such issuances are expected to be used for repayment of indebtedness and/or for general corporate and working capital purposes.
The Company has no current commitments to sell securities. The terms of any offerings under the shelf registration will be determined at the time of the offering and disclosed in a prospectus supplement filed with the SEC.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of any such state.
A copy of the prospectus included in the registration statement may be obtained at the SEC`s website at www.sec.gov. In addition, the Company will file a prospectus supplement with the SEC in connection with any future offering under the shelf registration statement. When available, copies of the prospectus, and any prospectus supplement relating to a particular offering, may be obtained by contacting Ruth’s Hospitality Group, Inc., 500 International Parkway, Suite 100, Heathrow, Florida 32746, Attn: Chief Financial Officer, (407) 333-7440.
About Ruth’s Hospitality Group, Inc.
Ruth’s Hospitality Group, Inc. (NASDAQ: RUTH) is a leading restaurant company focused exclusively on the upscale dining segment. The Company owns the Ruth’s Chris Steak House, Mitchell’s Fish Market, Mitchell’s Steakhouse and Cameron’s Steakhouse concepts. With more than 150 company- and franchisee-owned locations worldwide, Ruth’s Hospitality Group was founded in 1965 and is headquartered in Heathrow, Fla.
For more information about Ruth’s Hospitality Group, please visit www.rhgi.com. For further information about our restaurants, to make reservations, or to purchase gift cards, please visit: www.RuthsChris.com, www.MitchellsFishMarket.com, www.MitchellsSteakhouse.com and www.Camerons-Steakhouse.com.
Contacts:
Media
Alecia
Pulman, 646-277-1220
apulman@icrinc.com
or
Investor
Relations
Tom Ryan / Raphael Gross, 203-682-8200
tryan@icrinc.com
/ rgross@icrinc.com