KINDRED HEALTHCARE AUTHORIZES THE VOLUNTARY DELISTING OF ITS WARRANTS FROM NASDAQ EFFECTIVE APRIL 17, 2006
Warrants will expire on April 20, 2006
Louisville, KY (April 11, 2006) – Kindred Healthcare, Inc.
(the “Company”) (NYSE: KND) today announced that it has authorized
the voluntary delisting of its Series A Warrants to Purchase Common Stock
(NASDAQ: KINDW) and its Series B Warrants to Purchase Common Stock (NASDAQ:
KINDZ) from the NASDAQ National Market effective at the close of trading
on April 17, 2006. Both the Series A Warrants and Series B Warrants will
expire by their terms on April 20, 2006. The delisting of the Series A
Warrants and Series B Warrants will permit pending trades through the
NASDAQ National Market to settle prior to the April 20 expiration date
in accordance with the standard “T+3” trade settlement period.
Each Series A Warrant and Series B Warrant entitles the holder thereof
to purchase two shares of the Company's common stock at an exercise price
of $30.00 and $33.33 per warrant, respectively. Each Series A Warrant
and Series B Warrant has a five-year term expiring April 20, 2006.
Kindred Healthcare, Inc. through its subsidiaries operates hospitals,
nursing centers, institutional pharmacies and a contract rehabilitation
services business across the United States.
CONTACT:
Richard A. Lechleiter
Executive Vice President and Chief Financial Officer
(502) 596-7734
