The Cash Store Australia Holdings Inc. Grants Options to Directors and CEO
EDMONTON, May 31, 2012 /CNW/ - The Cash Store Australia Holdings Inc. ("TCS Australia" or the "Company") (TSXV:AUC) granted on May 25, 2012 an aggregate of 200,000 options to directors, pursuant to TCS Australia's Employee Incentive Stock Option Plan (the "Plan"). Each option is exercisable to acquire one common share at a price of $0.19 per option. The options granted have been approved by the Company's Board of Directors and are subject to expire on March 1, 2017. In addition, Mr. Gary Holden, Chief Executive Officer, was granted an additional 500,000 options, and Mr. S.W. (Bill) Johnson, Chief Financial Officer, was granted an additional 25,000 options. The Plan has been approved by the Company's shareholders.
About Cash Store Australia
Cash Store Australia is the only payday advance broker in Australia publicly traded on the TSX, Venture Exchange (TSXV:AUC). Cash Store Australia operates 78 payday advance branches in the States of Victoria, Queensland, Tasmania, and New South Wales Australia under the banner "The Cash Store".
Cash Store Australia acts as a broker to facilitate payday advance services to income-earning consumers who may not be able to obtain them from traditional financial institutions.
This News Release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to our objectives, strategies, operations and financial results. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieve. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Cash Store Australia, to be materially different from those expressed or implied by such forward-looking information. All material assumptions used in making forward-looking statements are based on management's knowledge of current business conditions and expectations of future business conditions and trends. Although we believe the assumptions used to make such statements are reasonable at this time and have attempted to identify in our continuous disclosure documents important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Certain material factors or assumptions are applied by us in making forward-looking statements, include without limitation, factors and assumptions regarding our continued ability to fund our pay day loan business, rates of customer defaults, relationships with, and payments to, third party lenders, demand for our products, as well as our operating cost structure and current consumer protection regulations. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. We do not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.For further information:
on Cash Store Australia, please contact:
Gary Holden, Chief Executive Officer
(011) 61 (03) 9802 1566; e-mail: email@example.com
Bill Johnson, Chief Financial Officer
(780) 732-5695; e-mail: firstname.lastname@example.org