Attached files
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| EX-99.1 - GENERAL STEEL HOLDINGS INC | v224726_ex99-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 1, 2011
General Steel Holdings, Inc.
(Exact name of registrant as specified in its charter)
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Nevada
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001-33717
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41-2079252
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification Number)
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Suite 2315, Kun Tai International Mansion Building, Yi No. 12, Chaoyangmenwai Ave.,
Chaoyang District, Beijing 100020
(Address of principal executive offices)
Registrant’s telephone number, including area code:
+ 86 (10) 58797346
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 8.01 OTHER EVENTS.
On June 1, 2011, the Board of Directors (the “Board”) of General Steel Holdings, Inc. (the “Company”) authorized an increase of one million (1,000,000) shares of its common stock which may be purchased under the Company’s share repurchase program (the “Program”), bringing the total authorized shares of Company common stock available for purchase under the Program to two million (2,000,000) since its inception in December 2010. The Program does not have an expiration date and these repurchases may be made from time to time in the open market or in privately negotiated transactions in accordance with applicable laws. As of June 1, 2011 the Company has a total of 1,000,000 total shares of its common stock available for repurchase under the Program.
On June 1, 2011, the Company issued a press release announcing the Board’s authorization of the increase in shares available under the Program which is attached hereto as Exhibit 99.1 and incorporated into this Item 8.01 by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
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Exhibit No.
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Description
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99.1
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Press Release issued on June 1, 2011
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Forward-Looking Statements
This filing contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are only predictions and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties, certain assumptions and factors relating to the operations and business environments of General Steel Holdings, Inc. and its subsidiaries that may cause the actual results of the companies to be materially different from any future results expressed or implied in such forward-looking statements. Although General Steel Holdings, Inc. believes that the expectations and assumptions reflected in the forward-looking statements are reasonable based on information currently available to its management, General Steel Holdings, Inc. cannot guarantee future results or events. General Steel Holdings, Inc. expressly disclaims a duty to update any of the forward-looking statement.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
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General Steel Holdings, Inc.
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By:
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/s/ John Chen
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Name:
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John Chen
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Title:
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Director and Chief Financial Officer
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Dated: June 1, 2011