SWS Group, Inc. Announces Underwriters' Exercise of Over-Allotment Option
December 16 2009 - 10:25AM
PR Newswire (US)
DALLAS, Dec. 16 /PRNewswire-FirstCall/ -- SWS Group, Inc.
(NYSE:SWS) announced today that the underwriters for the recently
completed public offering of SWS common stock have exercised in
full their over-allotment option to purchase an additional 652,174
shares of SWS common stock. After giving effect to the sale of the
shares sold pursuant to the over-allotment option, a total of
5,000,001 shares of SWS common stock were publicly sold in the
offering by SWS at a price to the public of $11.50. The sale of the
over-allotment shares closed on Wednesday, December 16, 2009. BofA
Merrill Lynch acted as the sole book-running manager for the
offering. BMO Capital Markets and Southwest Securities, Inc. acted
as co-managers. Copies of the final prospectus and prospectus
supplement may be obtained from BofA Merrill Lynch, 4 World
Financial Center, New York, NY 10080, Attn: Preliminary Prospectus
Department or email . This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state in which such
offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. Company Information SWS Group, Inc. is a
Dallas-based company offering a broad range of investment and
financial services through its subsidiaries. The company's common
stock is listed and traded on the New York Stock Exchange under the
symbol SWS. SWS Group, Inc. subsidiaries include Southwest
Securities, Inc., a national clearing firm, registered investment
adviser and registered broker-dealer; SWS Financial Services, Inc.,
a registered investment adviser and a registered broker-dealer
serving independent securities brokers and their clients, and
Southwest Securities, FSB, one of the largest banks headquartered
in the Dallas-Fort Worth metropolitan area. DATASOURCE: SWS Group,
Inc. CONTACT: Jim Bowman, Vice President - Corporate Communications
of SWS Group, Inc., +1-214-859-9335, Web Site:
http://www.swsgroupinc.com/
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