CHICAGO--(BUSINESS WIRE)-- Atlas Financial Holdings, Inc. (TSX.V: AFH) (“Atlas” or the “Company”) announced that the Company’s Board of Directors has called an extraordinary general meeting of shareholders to be held on December 7, 2012 at 1:00 pm Central Time, at the Company’s headquarters at 150 Northwest Point Boulevard, Elk Grove Village, IL 60007. The purpose of this meeting is for shareholders to consider a reverse split of the Company’s stock on a one for three basis. A record date of October 31, 2012 has been set for determining shareholders entitled to receive notice of the meeting. Details of the meeting and the reverse split will be set forth in the notice of meeting and the management proxy statement and information circular to be mailed to shareholders.
This information is intended for the information of Atlas shareholders and should not be construed as a solicitation of any kind. As previously announced, the Company has filed a US S1 Registration Statement and a preliminary prospectus in Canada, which are pending regulatory approval.
About Atlas Financial Holdings, Inc.
The primary business of Atlas is commercial automobile insurance in the United States, with a niche market orientation and focus on insurance for the "light" commercial automobile sector including taxi cabs, non-emergency paratransit, limousine/livery and business auto. The business of Atlas is carried on through its insurance subsidiaries American Country Insurance Company and American Service Insurance Company, Inc. Atlas’ insurance subsidiaries have decades of experience with a commitment to always being an industry leader in these specialized areas of insurance.
Completion of the transaction is subject to a number of conditions including but not limited to regulatory approvals, including approval by the TSX Venture Exchange. There can be no assurance that the transaction will be completed as proposed or at all. Neither the TSX Venture Exchange nor its Regulation Services Provided (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
This release includes forward-looking statements regarding Atlas and its insurance subsidiaries and businesses. Such statements are based on the current expectations of the management of each entity. The words "anticipate", "expect", "believe", "may", "should", "estimate", "project", "outlook", "forecast" or similar words are used to identify such forward looking information. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Companies, including risks regarding the insurance industry, economic factors and the equity markets generally and the risk factors discussed in the "Risk Factors" section of the Company's Form 10-K for the year ended December 31, 2011 . No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Atlas and its subsidiaries undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
At the Company
Atlas Financial Holdings, Inc.
Scott Wollney, CEO, 847-700-8600
The Equity Group Inc.
Adam Prior, Vice President, 212-836-9606
Terry Downs, AE, 212-836-9615
Source: Atlas Financial Holdings, Inc.