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Thunderbird Announces Share Buy Back Program

Aug 30 2013 12:00AM

Marketwire

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PANAMA, REPUBLIC OF PANAMA -- (Marketwired) -- 08/30/13 -- Thunderbird Resorts Inc. ("Thunderbird") (FRANKFURT: 4TR)(EURONEXT: TBIRD) announces its intention to potentially repurchase a portion of its issued and outstanding common shares. The Board of Directors authorized Thunderbird to acquire up to an aggregate of 1,300,000 of its issued and outstanding common shares over a term not to exceed twelve (12) months and to expend not more than USD$1,000,000 in the aggregate (the "Buy Back Program"). Thunderbird has the intention to buy back shares, but at its discretion it could choose not to purchase shares depending on various market conditions and factors.

The Buy Back Program authorization will commence on September 1, 2013, and will terminate on the earlier of August 31, 2014 or on the date all shares which are subject to the Buy Back Program have been purchased. All purchases will be affected at market prices through the facilities of the NYSE Euronext in Amsterdam in accordance with the applicable rules of this exchange. Thunderbird has not, prior to the date above, purchased any securities under this Buy Back Program. Thunderbird will enter into discretionary agreements with one or more banks to repurchase Thunderbird shares within the parameters of this Buy Back Program.

Document Availability

We previously reported on August 23, 2013, that copies of the Half-year Report 2013 in the English language are available at no cost at the offices of our local paying agent ING Bank N.V. The contact information for ING Bank N.V. has changed. The department to contact is ING CB CBS/SecServ/IS/PAS. The address is Bijlmerplein 888, location code: AMP L.02.007, 1102 MG Amsterdam, the Netherlands (tel: +31 20 563 6619, fax: +31 20 563 6959, email iss.pas@ing.nl. The Half-year Report 2013 can also be found on our website at http://thunderbirdresorts.com/investors/.

ABOUT THE COMPANY

We are an international provider of branded casino and hospitality services, focused on markets in Latin America. Our mission is to "create extraordinary experiences for our guests." Additional information about the Group is available at www.thunderbirdresorts.com.

Cautionary Notice: This release contains certain forward-looking statements within the meaning of the securities laws and regulations of various international, federal, and state jurisdictions. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential revenue and future plans and objectives of the Group are forward-looking statements that involve risk and uncertainties. There can be no assurances that such statements will prove to be accurate and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Group's forward-looking statements include competitive pressures, unfavorable changes in regulatory structures, and general risks associated with business, all of which are disclosed under the heading "Risk Factors" and elsewhere in the Group's documents filed from time-to-time with the AFM and other regulatory authorities.



Contacts:
Thunderbird Resorts Inc.
Peter LeSar
Chief Financial Officer
(507) 223-1234
plesar@thunderbirdresorts.com
www.thunderbirdresorts.com





Source: Marketwire