First BancTrust Corporation Files Notice of Intent to Voluntarily Delist From NASDAQ
October 10 2008 - 7:00AM
PR Newswire (US)
PARIS, Ill., Oct. 10 /PRNewswire-FirstCall/ -- In accordance with
its previously announced plan to go private, on October 10, 2008,
First BancTrust Corporation filed with The NASDAQ Stock Market
notice that it will voluntarily withdraw its common shares, par
value $0.01 per share, from listing on The NASDAQ Capital Market.
First BancTrust reported that it expects to file a Form 25 with
respect to the delisting with the Securities and Exchange
Commission on or around October 22, 2008. First BancTrust expects
that its shares will be quoted on the OTC Bulletin Board and the
Pink Sheets shortly after the delisting of its shares on The NASDAQ
Capital Market. First BancTrust is delisting its shares in
connection with its previously announced going private transaction
that is scheduled to be voted on by First BancTrust's stockholders
on October 21, 2008. If the going private transaction is approved,
First BancTrust intends to file a certificate of merger making the
going private transaction effective on October 22, 2008 and
thereafter to file a Form 15 terminating the registration of its
common shares under the Securities and Exchange Act of 1934 on or
around November 3, 2008. This press release contains
forward-looking statements that involve assumptions and potential
risks and uncertainties. Actual results could differ materially
from those discussed herein. Readers should not place undue
reliance on any forward-looking statements, which are applicable
only as of the date hereof. DATASOURCE: First BancTrust Corporation
CONTACT: Ellen M. Litteral, Chief Financial Officer of First
BancTrust Corporation, 1-800-228-6381 Web site:
http://www.firstbanktrust.com/
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