Certain Common Stocks of Black Hills Corporation are subject to a Lock-Up Agreement Ending on 16-JAN-2016.
January 15, 2016
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Certain Common Stocks of Black Hills Corporation are subject to a Lock-Up Agreement Ending on 16-JAN-2016. These Common Stocks will be under lockup for 60 days starting from 17-NOV-2015 to 16-JAN-2016.
Details:
The executive officers and directors have entered into a lock up agreement pursuant to which, they will not offer, pledge, announce the intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or otherwise dispose of, directly or indirectly, or file with the SEC a registration statement for any shares of common stock or securities convertible into or exchangeable for any shares of the common stock, for a period of 60 days from the date of the prospectus, without the prior written consent of Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Wells Fargo Securities, LLC.
Black Hills Corporation is a customer-focused, growth-oriented utility company. The Company serves 1.33 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. The Company has two segments. The Electric Utilities segment generates, transmits and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota and Wyoming. Its Electric Utilities own 1,394 megawatts of generation and 9,106 miles of electric transmission and distribution lines. Its Gas Utilities segment serves approximately 1,116,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska and Wyoming. Its Gas Utilities own and operate approximately 4663 miles of intrastate gas transmission pipelines and 42,514 miles of gas distribution mains and service lines, seven natural gas storage sites, more than 50,000 horsepower of compression and 516 miles of gathering lines.