Brink's Home Security shares begin trading on 'when-issued' basis, spinoff expected Oct. 31

By Lisa Kerner

Charlotte, N.C., Oct. 17 - Brink's Co. subsidiary Brink's Home Security Holdings, Inc. began trading on a "when-issued" basis on the New York Stock Exchange Friday under the symbol "CFLwi."

Between Oct. 17 and Oct. 31, Brink's common stock will trade on the NYSE under two symbols, "BCO" and "BCOwi," a company news release said.

Brink's shares trading under "BCO" will trade the "regular way," with the right to receive shares of BHS Holdings when it is spun off on Oct. 31.

According to the release, Brink's shares trading under "BCOwi" will trade "ex dividend," with no right to receive shares of BHS Holdings in the spinoff.

Once the spinoff is complete, shares of BHS Holdings will begin normal trading under the symbol "CFL."

Brink's said it will distribute one share of BHS Holdings common stock for each share of Brink's common stock outstanding at the close of business on the record date of Oct. 21.

As previously reported, Richmond, Va.-based Brink's will continue to operate its secure transportation and cash management unit, Brink's Inc., following the spinoff.

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