SALT LAKE CITY, Dec. 1 /PRNewswire/ -- Franklin Covey (NYSE: FC) announced
today the closing of its rights offering. The rights offering, announced
October 26, 1999, closed yesterday, November 30, 1999. The purpose of the
offering was to afford all eligible common shareholders the opportunity to
acquire the preferred stock on substantially the same terms under which it was
issued in June of this year to Knowledge Capital. More than 42,000 shares of
the Series A Preferred Stock were subscribed for in the rights offering.
Franklin Covey also announced a record date of 12:00 noon mountain
standard time, on November 30, 1999, for the preferred stock dividend payable
for the quarter ended November 30, 1999. Preferred stock subscribed for in
the rights offering will not be eligible to receive this dividend, which is
expected to be paid on December 15, 1999.
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 in 44 offices in 33
countries in 32 languages.
SOURCE Franklin Covey
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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:
John L. Theler, Chief Financial Officer, or
Richard R. Putnam, Investor Relations, 801-975-1776, both of
Franklin Covey
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