SALT LAKE CITY, May 4 /PRNewswire/ -- Franklin Covey Co. (NYSE: FC) today
announced the final results of its offer to cancel all outstanding options
with an exercise price of $12.25 or more, pursuant to the Offer to Cancel
dated March 14, 2000. The offer expired on May 3, 2000. The Company accepted
for purchase options exercisable for 2,318,537 shares of its common stock for
a total purchase price of approximately $7 million.
Payment for all options accepted for cancellation in the tender will occur
as soon as practicable.
Franklin Covey is the leading global professional services firm offering
learning and performance solutions to assist professionals and organizations
to increase their effectiveness in Productivity, Leadership, Communication and
Sales. Organizational clients include 80 of the Fortune 100, more than
three-quarters of the Fortune 500, thousands of smaller and mid-sized
businesses as well as numerous government entities. Organizations and their
professionals access Franklin Covey's products and services through
professional consulting services, licensed client facilitators, public
workshops, catalogs, retail stores and the Internet (franklincovey.com). More
than 3,500 Franklin Covey associates provide professional services and
products for nearly 18 million individuals through 44 offices in 33 countries
in 32 languages. Franklin Covey trains in excess of 750,000 participants
annually in training seminars teaching principles to help them achieve "What
Matters Most."
SOURCE Franklin Covey Co.
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Related links:
http://www.franklincovey.com
Company News On-Call:
http://www.prnewswire.com/comp/107086.html or fax,
800-758-5804, ext. 107086
CONTACT:
Richard R. Putnam, Investor Relations of
Franklin Covey Co., 801-975-1776
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