Cogent Communications Group, Inc. Adopts New Holding Company Structure
WASHINGTON, May 15, 2014
WASHINGTON, May 15, 2014 /PRNewswire/ --Cogent Communications Group, Inc.
(NASDAQ: CCOI) announced today that it has adopted a new holding company
Cogent Communications Logo
The restructuring was accomplished through a merger under Section 251(g) of
the General Corporation Law of the State of Delaware, pursuant to which all
stockholders of Cogent Communications Group, Inc. at the effective time of the
merger became stockholders of the new holding company, Cogent Communications
Holdings, Inc. ("Holdings"), and Cogent Communications Group, Inc. became a
subsidiary of Holdings. The business operations of Cogent Communications
Group, Inc. have not changed as a result of the restructuring.
Holdings' common stock will continue to be listed and trade on The NASDAQ
Stock Market under the symbol "CCOI" without interruption. The certificate of
incorporation and bylaws of Holdings are substantially the same as the
certificate of incorporation and bylaws of Cogent Communications Group, Inc.
prior to the merger and the officers and directors of Cogent Communications
Group, Inc. have also become the officers and directors of Holdings.
Cogent Communications Group, Inc.'s stockholders were not required to take any
action in connection with the corporate restructuring. All outstanding shares
were converted into shares of Holdings in a non-taxable transaction with the
same rights, privileges and interests as the shares of Cogent Communications
Group, Inc. previously held by such stockholders. The shares of Holdings will
continue to be represented by the same stock certificates that previously
represented shares of Cogent Communications Group, Inc. capital stock.
About Cogent Communications
Cogent Communications (NASDAQ: CCOI) is a multinational, Tier 1
facilities-based ISP. Cogent specializes in providing businesses with high
speed Internet access, Ethernet transport, and colocation services. Cogent's
facilities-based, all-optical IP network backbone provides services in over
180 markets globally.
Cogent Communications is headquartered at 1015 31st Street, NW, Washington,
D.C. 20007. For more information, visit www.cogentco.com. Cogent
Communications can be reached in the United States at (202) 295-4200 or via
email at email@example.com.
Information in this release may involve expectations, beliefs, plans,
intentions or strategies regarding the future. These forward-looking
statements involve risks and uncertainties. All forward-looking statements
included in this release are based upon information available to Cogent
Communications Group, Inc. as of the date of the release, and we assume no
obligation to update any such forward-looking statement. The statements in
this release are not guarantees of future performance and actual results could
differ materially from our current expectations. Numerous factors could cause
or contribute to such differences. Some of the factors and risks associated
with our business are discussed in Cogent's registration statements filed with
the Securities and Exchange Commission and in its other reports filed from
time to time with the SEC.
SOURCE Cogent Communications Group, Inc.
Contact: For Public Relations: Travis Wachter, + 1 (202) 295-4217,
firstname.lastname@example.org; For Investor Relations: + 1 (202) 295-4212,
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