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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): October 5, 1999
AGL RESOURCES INC.
(Exact Name of Registrant as Specified in Charter)
Georgia 1-14174 58-2210952
(State or Other Jurisdiction (Commission File No.) (IRS Employer
of Incorporation) Identification No.)
817 West Peachtree Street, NW, 10th Floor, Atlanta, Georgia 30308
(Address of Principal Executive Offices) (Zip Code)
(404) 584-9470
(Registrant's telephone number, including area code)
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Item 5. Other Events
See the press release attached hereto as Exhibit 99 announcing the
Registrant's common stock repurchase program.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
Exhibit
Number Description
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99 Form of Press Release, dated October 5, 1999. See the Exhibit Index
on page 4 hereof.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AGL RESOURCES INC.
(Registrant)
/s/ J. Michael Riley
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J. Michael Riley
Senior Vice President and
Chief Financial Officer
Date: October 6, 1999
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EXHIBIT INDEX
Exhibit No. Description
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99 Form of Press Release, dated
October 5, 1999
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[LOGO OF AGL
RESOURCES
APPEARS HERE]
Exhibit 99
FOR IMMEDIATE RELEASE
Contacts
Financial Community Media
Melanie M. Platt Millicent Hunter
Vice President, Investor Relations Media Relations Representative
and Corporate Secretary (404) 584-3780
(404) 584-3420
Joseph P. Heffron
Investor Relations Specialist
(404) 584-3427
AGL RESOURCES ANNOUNCES COMMON STOCK REPURCHASE PROGRAM
ATLANTA, GEORGIA, October 5, 1999--AGL Resources Inc. (NYSE: ATG) today
announced that its board of directors has authorized a plan to repurchase up to
3.6 million shares of the company's common stock over a period ending no later
than September 30, 2001. A portion of the proceeds from the company's recent
sales of its wholesale natural gas and power marketing joint venture interests
will be used for the share repurchases. Open market purchases may be made from
time to time, subject to availability, and repurchased shares will be held as
treasury shares. AGL Resources currently has approximately 57 million common
shares outstanding.
"We believe that purchasing the company's shares, given current market
conditions, is a solid investment and one that will benefit our shareholders,"
said Walter M. Higgins, AGL Resources' chairman and chief executive officer.
AGL Resources Inc. is a regional energy holding company with operations in
the Southeast. Atlanta Gas Light Company, the largest natural gas distributor in
the Southeast and the company's primary subsidiary, provides delivery service
for nearly 1.5 million customers in Georgia and, through Chattanooga Gas
Company, in southern Tennessee. Although natural gas distribution is AGL
Resources' core business, it also is engaged in other energy-related businesses,
including retail energy marketing, customer care services for energy marketers
and wholesale and retail propane sales.
Statements made in this press release other than those containing
historical information should be considered as forward-looking statements and
are made pursuant to the safe-harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such statements involve risks and uncertainties
which may cause results to differ materially from those set forth in these
statements. AGL Resources wishes to caution readers that results and events
subject to forward-
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looking statements could differ materially because, among other things, of the
following factors: continued uncertainty regarding the impact of changes in
state and federal legislation and regulation on the company and the natural gas
industry, including the company's need to manage resulting challenges regarding
expenses; the effects of competition, particularly in markets where prices and
service providers historically have been regulated; changes in the price and
demand for natural gas; and other risks and factors identified in the company's
filings with the Securities and Exchange Commission.
The company's homepage address on the Internet is www.aglresources.com.
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