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Wednesday, December 16, 2015 12:09:39 AM
OTC Disclosure & News Service
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Worldwide Announces Stock Buyback Program
NEW YORK, NY--(Marketwired - Feb 13, 2015) - Worldwide Diversified Holdings, Inc. (OTC PINK: WNTR) announced today that it is implementing a stock buyback program to repurchase up to one billion common shares.
The company will commence a Dutch Auction Tender Offer (the "Tender Offer") to repurchase the shares on March 3, 2015 with the expiration of the offer, unless extended, will be 5pm EST on March 31, 2015.
Under the Tender Offer, shareholders will have the opportunity to tender some, or all of their shares, at a price within the range of $0.0001 to $0.01 per share. Based on the number of shares tendered and the prices specified by the tendering shareholders, the company will determine the lowest per share price within the range that will enable it to buy up to one billion common shares.
The Tender Offer will not be contingent upon a minimum number of shares being tendered and will be subject to a number of other terms and conditions specified in the offer to purchase.
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