Attached files
file | filename |
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S-1/A - FORM S-1/A - CAPITAL BANK CORP | g25953a1sv1za.htm |
EX-99.3 - EX-99.3 - CAPITAL BANK CORP | g25953a1exv99w3.htm |
EX-5.01 - EX-5.01 - CAPITAL BANK CORP | g25953a1exv5w01.htm |
EX-99.6 - EX-99.6 - CAPITAL BANK CORP | g25953a1exv99w6.htm |
EX-99.8 - EX-99.8 - CAPITAL BANK CORP | g25953a1exv99w8.htm |
EX-99.4 - EX-99.4 - CAPITAL BANK CORP | g25953a1exv99w4.htm |
EX-99.1 - EX-99.1 - CAPITAL BANK CORP | g25953a1exv99w1.htm |
EX-99.5 - EX-99.5 - CAPITAL BANK CORP | g25953a1exv99w5.htm |
EX-99.7 - EX-99.7 - CAPITAL BANK CORP | g25953a1exv99w7.htm |
EX-23.01 - EX-23.01 - CAPITAL BANK CORP | g25953a1exv23w01.htm |
EXHIBIT 99.2
INSTRUCTIONS FOR
USE OF CAPITAL BANK CORPORATION
SUBSCRIPTION RIGHTS ELECTION FORM
SUBSCRIPTION RIGHTS ELECTION FORM
CONSULT
EAGLE ROCK PROXY ADVISORS LLC,
OUR INFORMATION AGENT, AS TO ANY QUESTIONS
OUR INFORMATION AGENT, AS TO ANY QUESTIONS
The following instructions relate to a rights offering (the
Rights Offering) by Capital Bank Corporation
(we, us, our or the
Company) to the holders of record (the
Recordholders) of our common stock, no par value per
share (the Common Stock), as described further in
the accompanying prospectus dated
[ ],
2011 (the Prospectus). Recordholders of the Common
Stock as of 5:00 p.m., Eastern Standard time, on
January 27, 2011 (the Record Date) are
receiving, at no charge, non-transferable subscription rights
(the Subscription Rights) to subscribe for and
purchase shares of the Common Stock. In the Rights Offering, we
are offering up to an aggregate of 5,000,000 shares of
Common Stock to be issued upon the exercise of the Subscription
Rights. Each Recordholder will receive, at no charge, 0.3882637
Subscription Rights for each share of Common Stock that the
Recordholder owned on the Record Date.
The Subscription Rights will expire, if not exercised prior to
5:00 p.m., Eastern Standard time, on March 4, 2011,
unless we extend the period of the Rights Offering beyond such
date (as such date may be extended, the Expiration
Date) or cancel the Rights Offering earlier. Each whole
Subscription Right will entitle you to purchase one share of our
Common Stock at a subscription price of $2.55 per share of
Common Stock, subject to an overall beneficial ownership limit
of 4.9% for each participant as described below. Fractional
Subscription Rights will be eliminated by rounding down to the
nearest whole number of Subscription Rights and may not be
exercised. For example, if you owned 1,000 shares of Common
Stock on the Record Date, you would receive 388.2637
Subscription Rights and would have the right to purchase
388 shares of Common Stock (rounded down from 388.2637
Subscription Rights) for $2.55 per share.
Each participant in this Rights Offering is generally subject to
an overall beneficial ownership limit of 4.9%. Any Subscription
Rights exercised by a Recordholder for Common Stock subscribed
for by that Recordholder that would cause such holder to go over
the 4.9% ownership limit will not be considered exercised or
subscribed for by that Recordholder, and the portion of the
subscription price paid by a Recordholder for such unexercised
Subscription Rights will be returned to that Recordholder,
without interest or penalty, as soon as practicable after
completion of the Rights Offering.
You should be aware that there is no over-subscription privilege
associated with the Rights Offering. In addition, no shareholder
will backstop the Rights Offering. Neither you nor any
shareholder will have the opportunity to purchase additional
shares not purchased by other shareholders in the Rights
Offering.
Your Subscription Rights are non-transferable, meaning that they
may not be sold, transferred or assigned to anyone else, and are
not evidenced by any certificate.
Each Recordholder will be required to submit payment in full for
all of the shares of Common Stock that the Recordholder wishes
to buy in the Rights Offering before the expiration of the
Rights Offering period. Any excess subscription payments
received by Registrar and Transfer Company (the
Subscription Agent) will be returned, without
interest or penalty, as soon as practicable following the
completion of the Rights Offering.
Do not send the Subscription Rights Election Form or payment
to the Company. If you wish to participate in the Rights
Offering, the Subscription Agent must receive your Subscription
Rights Election Form, with full payment of the total
subscription amount, including final clearance of any
uncertified personal checks, before 5:00 p.m., Eastern
Standard time, on the Expiration Date. Once you have exercised
your Subscription Rights, you cannot revoke the exercise of your
Subscription Rights. If you do not exercise your Subscription
Rights before the expiration of the Rights Offering period, then
they will expire and you will have no further rights under them.
The number of Subscription Rights to which you are entitled and
the corresponding number of shares of Common Stock that you may
subscribe to purchase in the Rights Offering are printed on the
face of your Subscription Rights Election Form. You should
indicate your wishes with regard to the exercise of your
Subscription Rights by completing the appropriate portions of
your Subscription Rights Election Form and returning the
Subscription Rights Election Form to the Subscription Agent in
the envelope provided.
THE SUBSCRIPTION RIGHTS ELECTION FORM, WITH FULL PAYMENT OF THE
TOTAL SUBSCRIPTION AMOUNT FOR ALL SHARES OF COMMON STOCK
SUBSCRIBED FOR IN THE RIGHTS OFFERING, INCLUDING FINAL CLEARANCE
OF ANY UNCERTIFIED PERSONAL CHECKS, MUST BE RECEIVED BY THE
SUBSCRIPTION AGENT BEFORE 5:00 P.M., EASTERN STANDARD TIME,
ON THE EXPIRATION DATE. ONCE A RECORDHOLDER HAS EXERCISED ANY
SUBSCRIPTION RIGHTS, SUCH EXERCISE MAY NOT BE REVOKED (UNLESS WE
ARE REQUIRED BY LAW TO PERMIT REVOCATION). SUBSCRIPTION RIGHTS
THAT ARE NOT EXERCISED PRIOR TO 5:00 P.M., EASTERN STANDARD
TIME, ON THE EXPIRATION DATE WILL EXPIRE.
1. | Method of Subscription Exercise of Subscription Rights |
To exercise your Subscription Rights, complete your Subscription
Rights Election Form and send the properly completed and
executed Subscription Rights Election Form, together with
payment in full of the total required subscription amount for
all of the shares you intend to purchase in the Rights Offering,
to the Subscription Agent, by no later than 5:00 p.m.,
Eastern Standard time, on the Expiration Date. Your full payment
will be held in a segregated account to be maintained by the
Subscription Agent.
Your payment of the subscription price must be made in
U.S. dollars and must be delivered in one of the following
ways:
| uncertified personal check payable to Registrar and Transfer Company; or | |
| wire transfer of same day funds using the following wire instructions: |
For the Benefit Of:
|
REGISTRAR AND TRANSFER COMPANY As Rights Offering Agent for Various Holders |
|
Account Number:
|
276-053-5977 | |
Bank:
|
TD Bank 6000 Atrium Way Mt. Laurel, NJ. 08054 |
|
ABA Number:
|
031-201-360 |
If you wish to make payment by wire transfer, you must reference
the account number listed on your subscription rights election
form.
Payments will be deemed to have been received upon clearance of
any uncertified personal check or receipt by the Subscription
Agent of any wire transfer. If you pay by uncertified personal
check, please note that your payment may take five (5) or
more business days to clear. Accordingly, if you wish to pay
your subscription amount by means of uncertified personal check,
we urge you to deliver your payment to the Subscription Agent
sufficiently in advance of the Expiration Date to ensure that
your payment is received and clears by the expiration of the
Rights Offering period.
The Subscription Rights Election Form and full payment of the
total subscription amount must be delivered to the Subscription
Agent by one of the methods described below:
By mail: Registrar and Transfer Company Attn: Reorg/Exchange Dept. P.O. Box 645 Cranford, New Jersey 07016-0645 |
By hand or overnight courier: Registrar and Transfer Company Attn: Reorg/Exchange Dept. 10 Commerce Drive Cranford, New Jersey 07016 |
Delivery
to any address or by a method other than those set forth above
does not constitute valid delivery.
If you have any questions, require any assistance in exercising
your Subscription Rights, or require additional copies of
relevant documents, please contact our information agent, Eagle
Rock Proxy Advisors LLC, by calling
(877) 864-5053
(toll free) or, if you are a bank or a broker,
(908) 497-2340.
By making arrangements with your bank or broker for the delivery
of funds on your behalf, you may also request such bank or
broker to submit the Subscription Rights Election Form on your
behalf.
If you do not indicate the number of Subscription Rights being
exercised, or do not forward full payment of the total
subscription amount, then you will be deemed to have exercised
the maximum number of Subscription Rights that may be exercised
with the amount of payment that you delivered to the
Subscription
Agent. If the Subscription Agent does not apply your full
subscription payment to your purchase of shares of Common Stock,
any excess subscription payment received by the Subscription
Agent will be returned to you, without interest, as soon as
practicable following the completion of the Rights Offering.
Brokers, custodian banks, and other nominee holders of
Subscription Rights who exercise the Subscription Rights on
behalf of beneficial owners of Subscription Rights will be
required to certify to the Company, the Subscription Agent and
the information agent, with respect to each beneficial owner of
Subscription Rights (including such nominee itself) on whose
behalf such nominee holder is acting, as to the aggregate number
of Subscription Rights that have been exercised and the
corresponding number of shares of Common Stock subscribed for in
the Rights Offering.
2. | Issuance of Common Stock |
The following deliveries and payments will be made to the
address shown on the face of your Subscription Rights Election
Form, unless you provide instructions to the contrary in your
Subscription Rights Election Form.
(a) Uncertified Shares of Common
Stock. As soon as practicable after the
Expiration Date and the valid exercise of your Subscription
Rights, the Subscription Agent will credit your account with the
shares of Common Stock you have purchased pursuant to the
exercise of your Subscription Rights.
(b) Excess Cash Payments. As soon as
practicable after the Expiration Date, any excess subscription
payment that you have paid to the Subscription Agent will be
returned to you, without interest or penalty.
3. | Execution |
Execution by Registered Holder. The signature
on the Subscription Rights Election Form must correspond with
the name of the registered holder exactly as it appears on the
face of the Subscription Rights Election Form without any
alteration or change whatsoever. Persons who sign the
Subscription Rights Election Form in a representative or other
fiduciary capacity must indicate their capacity when signing
and, unless waived by the Subscription Agent in its sole and
absolute discretion, must present to the Subscription Agent
satisfactory evidence of their authority to so act.
Execution by Person Other than Registered
Holder. If the Subscription Rights Election Form
is executed by a person other than the holder named on the face
of the Subscription Rights Statement, proper evidence of
authority of the person executing the Subscription Rights
Election Form must accompany the same, unless, for good cause,
the Subscription Agent dispenses with proof of authority.
4. | Method of Delivery |
The method of delivery of the Subscription Rights Election Form
and payment in full of the total subscription amount to the
Subscription Agent will be at the election and risk of the
Recordholders. If sent by mail, we recommend that you send your
Subscription Rights Election Form and subscription payment by
overnight courier or by first class mail, and that you allow a
sufficient number of days to ensure delivery to the Subscription
Agent and clearance of payment prior to the expiration of the
Rights Offering period. We urge you to consider using a wire
transfer of same day funds to ensure that the Subscription Agent
receives your funds prior to the expiration of the Rights
Offering period. If you send an uncertified personal check,
payment will not be deemed to have been received by the
Subscription Agent until the check has cleared, which may take
five (5) or more business days, but if you send a wire
transfer of same day funds, payment will be deemed to have been
received by the Subscription Agent immediately upon receipt of
your payment. If you wish to pay your subscription payment by
means of an uncertified personal check, we urge you to deliver
your payment to the Subscription Agent sufficiently in advance
of the Expiration Date to ensure that your payment is received
and clears by the expiration of the Rights Offering period.
5. | Special Provisions Relating to the Delivery of Subscription Rights through the Depository Trust Company |
In the case of Subscription Rights that are held of record
through The Depository Trust Company (DTC),
exercises of the Subscription Rights may be effected by
instructing DTC to transfer the Subscription Rights from the DTC
account of such Recordholder to the DTC account of the
Subscription Agent and by delivering to the Subscription Agent
the required certification as to the number of shares of Common
Stock subscribed for in the Rights Offering by each beneficial
owner of Subscription Rights on whose behalf such nominee is
acting, together with payment in full of the total subscription
amount for all of the shares of Common Stock subscribed for in
the Rights Offering on behalf of all such beneficial owners.