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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): July 20, 1999
AMERICAN BANKNOTE CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
DELAWARE
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(State or Other Jurisdiction of Incorporation)
1-3410 13-0460520
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(Commission File Number) (I.R.S. Employer Identification No.)
410 PARK AVENUE, NEW YORK, N.Y. 10022-4407
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(Address of Principal Executive Office) (Zip Code)
(212) 593-5700
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
The information set forth in the press release issued by American
Banknote Corporation, attached hereto as Exhibit 99.1, is incorporated
herein by reference.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits
(c) Exhibits
99.1 Press release of American Banknote Corporation dated July 20, 1999.
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.
AMERICAN BANKNOTE CORPORATION
By: s/Patrick D. Reddy
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Patrick D. Reddy,
Vice President
Date: July 20, 1999
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EXHIBIT INDEX
Item No.
99.1 Press release of American Banknote Corporation dated July 20, 1999.
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Exhibit 99.1
American Banknote Corporation
410 Park Avenue
New York, NY 10022-4407
Contact: Jean Marie Young
Director Investor Relations
(212) 593-5700
FOR IMMEDIATE RELEASE
AMERICAN BANKNOTE CORPORATION
ANNOUNCES TRADING IN SHARES TO BE SUSPENDED
NEW YORK, July 20, 1999 American Banknote Corporation (NYSE:ABN) announced
that it has been notified by the New York Stock Exchange that trading in the
Company's stock will be suspended prior to the opening on Tuesday, August 3,
1999 or such earlier date as: i) ABN commences trading in another securities
marketplace; ii) information is received that ABN does not meet the listing
requirements of the other securities marketplace; or iii) ABN makes a material
adverse news announcement. Following suspension, application will be made by
the NYSE to the Securities and Exchange Commission to delist the issue. The
NYSE has taken these actions in light of the Company's failure to meet certain
listing standards.
As previously announced, the Company's advisor, The Blackstone Group, is
continuing discussions with an informal committee of Subordinated Note
holders, who hold more than 85% of the Notes, on the terms of a consensual
restructuring converting all or a substantial portion of that debt to equity.
However, there can be no assurance that the Company will be able to reach any
agreement with the holders of these Notes.
American Banknote Corporation is a leading global full-service provider of
secure transaction solutions in carefully selected markets along three major
product groups: Transaction Cards & Systems, Printing Services & Document
Management, and Security Printing Solutions. A combined strategy of operating
along product lines and constant expansion of transaction activities worldwide
reflects the rapidly changing field of electronic commerce.
Statements regarding a future restructuring or about future results made in
this release may constitute forward-looking statements within the meaning of
the Private Securities Litigation Reform act of 1995. These statements are
based on current expectations and the current economic environment. The
Company cautions that these statements are not guarantees of future
performance. They involve a number of risks and uncertainties that are
difficult to predict. Actual results could differ materially from those
expressed or implied in the forward-looking statements. Important assumptions
and other important factors that could cause actual results to differ
materially from those in the forward-look statements are specified in the
Company's filings under the Securities Exchange Act of 1934, as amended, on
file with the Securities and Exchange Commission.
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