TORONTO, Nov. 25, 2011 /CNW/ - (TSX: KFS), (NYSE: KFS) Kingsway
Financial Services Inc. ("Kingsway" or the "Company") today announced
that Larry G. Swets, Jr., its President and Chief Executive Officer,
intends to adopt an automatic stock purchase plan in accordance with
Canadian securities regulations and the guidelines specified under Rule
10b5-1 of the Securities and Exchange Act of 1934 (the "Plan"). Other
Kingsway executives may enter into similar trading plans in the future.
Automatic stock purchase plans allow corporate officers and directors to
adopt written, pre-arranged stock trading plans when they are not in
possession of material, non-public information. Such plans establish
parameters for future stock transactions to automatically take place,
which may be modified or revoked by the person adopting the plan only
under limited circumstances.
About the Company
Kingsway focuses on non-standard automobile insurance in the United
States of America. The Company's primary businesses are the insuring of
automobile risks for drivers who do not meet the criteria for coverage
by standard automobile insurers. The common shares of the Company are
listed on the Toronto Stock Exchange and the New York Stock Exchange
under the trading symbol "KFS".
Forward Looking Statements
This press release includes "forward looking statements" that are
subject to risks and uncertainties. Such forward looking statements
relate to future events or performance, but reflect Kingsway
management's current beliefs, based on information currently
available. A number of factors could cause actual events, performance
or results to differ materially from the events, performance and
results discussed in the forward looking statements. For information
identifying important factors that could cause actual results to differ
materially from those anticipated in the forward looking statements,
see Kingsway's securities filings, including its 2010 Annual Report
under the heading Risk Factors in the Management's Discussion and
Analysis section. The securities filings can be accessed on the
Canadian Securities Administrators' website at www.sedar.com, on the EDGAR section of the U.S. Securities and Exchange Commission's
website at www.sec.gov or through the Company's website at www.kingsway-financial.com. Except as expressly required by applicable securities law, the Company
disclaims any intention or obligation to update or revise any forward
looking statements whether as a result of new information, future
events or otherwise.
SOURCE Kingsway Financial Services Inc.