ANCHORAGE, Alaska–(BUSINESS WIRE)–Alaska Communications (NASDAQ: ALSK) in the present day issued the next assertion in response to the Schedule 13D/A that was filed with the U.S. Securities and Exchange Commission on December 28 by Karen Singer and TAR Holdings LLC, a restricted legal responsibility firm for which Ms. Singer is the only real member:
Alaska Communications welcomes constructive suggestions from its stockholders and recurrently meets with and engages in constructive dialogue with its stockholders to grasp their views on Alaska Communications’ long-term development plan. We have held quite a few discussions with TAR Holdings because it first initiated its funding in Alaska Communications to grasp its perspective on Alaska Communications’ long-term development plan, together with any ideas and alternate methods it could have for enhancing worth for all Alaska Communications stockholders.
In our discussions with TAR Holdings, its singular focus has been that Alaska Communications ought to instantly publicly announce a course of to discover the sale of Alaska Communications. We have been clear in our discussions with TAR Holdings that our Board and administration group should not against any transaction that creates or unlocks worth for all our stockholders. However, it’s important that any course of to discover such a transaction be appropriately managed and undertaken in an orderly method. We consider that any course of that creates uncertainty for our prospects and staff will solely detract from our ongoing initiatives to reinforce and unlock stockholder worth harming the long run prospects of Alaska Communications and, finally, may adversely have an effect on our means to maximise worth for all our stockholders.
Our Board has seven extremely certified and very skilled administrators, six of whom are unbiased and convey a wealth of expertise in our sector, in M&A transactions, and in doing enterprise in Alaska. Our Board is actively engaged and, accordingly, there may be robust unbiased director oversight to make sure that administration executes on our strategic development plan and our ongoing initiatives to reinforce and unlock shareholder worth. As a part of such a plan, which our Board believes is in one of the best pursuits of all Alaska Communications shareholders, our Board recurrently considers, with the help of its monetary and authorized advisors, strategic and worth creation alternate options. We stay dedicated to operating a high quality enterprise that enables us to retain our expertise, fosters belief with our prospects, and allows us to win available in the market, whereas we stay open to contemplating all out there choices to create and unlock stockholder worth for the advantage of all our stockholders.
Morgan, Lewis & Bockius LLP is serving as authorized advisor to Alaska Communications.
About Alaska Communications
Alaska Communications (NASDAQ: ALSK) is the main supplier of superior broadband and managed IT companies for companies and customers in Alaska. The firm operates a extremely dependable, superior statewide information community with the newest know-how and essentially the most various undersea fiber optic system connecting Alaska to the contiguous U.S. For extra data, go to www.alaskacommunications.com or www.alsk.com.
This press launch consists of sure “forward-looking statements,” as that time period is outlined within the Private Securities Litigation Reform Act of 1995. Such forward-looking statements embrace, however should not restricted to, statements concerning Alaska Communications’ initiatives taken or contemplated to reinforce and unlock worth for all of its stockholders, Alaska Communications’ efforts to execute on and implement its long-term development plan, actions taken to reinforce Alaska Communications’ future prospects, Alaska Communications’ future operational and monetary efficiency, and the threatened proxy contest by Karen Singer and TAR Holdings LLC. These forward-looking statements are primarily based on administration’s beliefs in addition to on quite a few assumptions regarding future occasions made utilizing data presently out there to administration. Readers are cautioned to not put undue reliance on such forward-looking statements, which aren’t a assure of efficiency and are topic to quite a few uncertainties and different components, a lot of that are outdoors the Company’s management. For additional data concerning dangers and uncertainties related to the Company’s enterprise, please consult with the Company’s SEC filings, together with, however not restricted to, the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our annual report on Form 10-Ok and quarterly experiences on Form 10-Q. Copies of the Company’s SEC filings could also be obtained by contacting its investor relations division at (907) 564-7556 or by visiting its investor relations web site at www.alsk.com.
Important Additional Information And Where To Find It
Alaska Communications, its administrators and sure of its government officers are deemed to be contributors within the solicitation of proxies from Alaska Communications’ stockholders in reference to the issues to be thought of at Alaska Communications’ 2018 Annual Meeting of Stockholders. Information concerning the names of Alaska Communications’ administrators and government officers and their respective pursuits in Alaska Communications by safety holdings or in any other case may be present in Alaska Communications’ proxy assertion for its 2017 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission (“SEC”) on April 27, 2017. To the extent holdings of Alaska Communications’ securities have modified because the quantities set forth in Alaska Communications’ proxy assertion for its 2017 Annual Meeting of Stockholders, such adjustments have been mirrored on Initial Statements of Beneficial Ownership on Form three or Statements of Change in Ownership on Form four filed with the SEC. These paperwork can be found freed from cost on the SEC’s web site at www.sec.gov. Alaska Communications intends to file a proxy assertion and accompanying WHITE proxy card with the SEC in reference to the solicitation of proxies from Alaska Communications stockholders in reference to the issues to be thought of at Alaska Communications’ 2018 Annual Meeting of Stockholders. Additional data concerning the identification of contributors, and their direct or oblique pursuits, by safety holdings or in any other case, will probably be set forth in Alaska Communications’ proxy assertion for its 2018 Annual Meeting, together with the schedules and appendices thereto. INVESTORS AND STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY STATEMENT AND THE ACCOMPANYING WHITE PROXY CARD AND OTHER DOCUMENTS FILED BY ALASKA COMMUNICATIONS WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders will have the ability to get hold of the Proxy Statement, any amendments or dietary supplements to the Proxy Statement, the accompanying WHITE proxy card, and different paperwork filed by Alaska Communications with the SEC for no cost on the SEC’s web site at www.sec.gov. Copies may even be out there at no cost on the Investor Relations part of Alaska Communications’ company web site at www.alsk.com, by writing to Alaska Communications’ Corporate Secretary at Alaska Communications Systems Group, Inc., 600 Telephone Avenue, Anchorage AK 99503 or by contacting Alaska Communications’ investor relations division at (907) 564-7556.