Peerless Systems increases stake in Highbury with exercise of warrants

By Angela McDaniels

Tacoma, Wash., Oct. 9 - Highbury Financial Inc. shareholder Peerless Systems Corp. acquired 526,583 shares of the company's common sock on Oct. 2, according to a schedule 13D/A filing with the Securities and Exchange Commission.

The shares were acquired through the exercise of 526,583 warrants. The exercise price was $5.00 per warrant.

Peerless owns 3,070,355 shares, or 20.4%, of the company's common stock.

The shareholder has nominated one of its directors, Timothy Brog, for election as a director of Highbury.

Highbury is an investment management holding company based in New York.

Peerless Systems is a El Segundo, Calif.-based company that provides software-based imaging systems for digital document products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.