Atlas Financial Holdings Schedules 2014 Second Quarter Financial Results and Conference Call; Company Confirms Share Count Information

Business Wire

CHICAGO--(BUSINESS WIRE)--

Atlas Financial Holdings, Inc. (AFH) ("Atlas" or the "Company") today announced that it will release its financial results for the second quarter ended June 30, 2014 after the market closes on Tuesday, August 5, 2014.

Atlas will discuss these results in a conference call the following morning (Wednesday, August 6, 2014) at 8:30 a.m. ET.

     

Conference Call Details

 

Date/Time:

Wednesday, August 6, 2014 – 8:30 a.m. ET

Participant Dial-In Numbers:

 

(United States):

877-423-9817

(International):

201-493-6770

 

To access the call, please dial-in approximately five minutes before the start time and, when asked, provide the operator with passcode "Atlas".

An accompanying slide presentation will be available in .pdf format on the investor relations page of the Company’s website after issuance of the earnings release.

Webcast

The call will also be simultaneously webcast over the Internet via the “Investor Relations” section of Atlas’ website at www.atlas-fin.com/investorrelations or by clicking on the conference call link: http://atlas-fin.equisolvewebcast.com/q2-2014. Audio and a transcript of the call will be archived on the Company’s website.

Share Count

In the second quarter, the Company completed the previously announced equity offering. As of June 30, 2014, there were 11,771,586 total common shares outstanding and 37,038 restricted stock units. The following table indicates the weighted average common share amounts for basic and dilutive for the three and six month periods ending June 30, 2014 and June 30, 2013.

       
Three Month Period Ended Six Month Period Ended

 

30-Jun-14   30-Jun-13     30-Jun-14   30-Jun-13
Weighted average common shares - basic 10,597,515   8,131,450 10,051,291   7,591,092
Dilutive potential ordinary shares:
Dilutive stock options 156,124 44,161 143,201 31,719
Dilutive warrants - 288,239 - 237,070
Dilutive shares upon preferred share conversion 254,000   2,540,000     254,000   2,540,000
Weighted average common shares - diluted 11,007,639   11,003,849     10,448,492   10,399,880
 

About Atlas

The primary business of Atlas is commercial automobile insurance in the United States, with a niche market orientation and focus on insurance for the "light" commercial automobile sector including taxi cabs, non-emergency paratransit, limousine/livery and business auto. The business of Atlas is carried on through its insurance subsidiaries American Country Insurance Company, American Service Insurance Company, Inc. and Gateway Insurance Company. Atlas' insurance subsidiaries have decades of experience with a commitment to always being an industry leader in these specialized areas of insurance.

For more information about Atlas, please visit www.atlas-fin.com.

Contact:
At the Company
Atlas Financial Holdings, Inc.
Scott Wollney, CEO
847-700-8600
swollney@atlas-fin.com
or
Investor Relations
The Equity Group Inc.
Adam Prior, Senior Vice President
212-836-9606
aprior@equityny.com
www.theequitygroup.com
or
Terry Downs, Associate
212-836-9615
tdowns@equityny.com


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