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CLEVELAND, July 1, 2013 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (Nasdaq:GTLS), a leading independent global manufacturer of highly engineered equipment used in the production, distribution, storage, and end-use of hydrocarbon and industrial gases, today announced that, for at least 20 trading days during the last 30 consecutive trading days preceding June 30, 2013, the closing price of the Company's common stock was greater than or equal to 130% of the conversion price of its 2.00% Convertible Senior Subordinated Notes (the "Notes"). Accordingly, from July 1, 2013 until September 30, 2013, the Notes are eligible for conversion as provided in the Indenture relating to the Notes.
Holders of Notes who are interested in exercising their right to convert should follow the procedures detailed in the Indenture, which was filed with the Securities and Exchange Commission as an exhibit to the Company's Form 8-K filed on August 5, 2011.
Wells Fargo Bank, National Association is the trustee and conversion agent for the Notes. All questions regarding procedures of the conversion of the Notes should be directed to Wells Fargo Bank as follows:
Wells Fargo Bank, National Association
230 West Monroe Street, Suite 2900
Chicago, Illinois 60606
Attention: Corporate Trust Services/Gregory S. Clarke
None of the Company, its Board of Directors, or its employees has made or is making any representation or recommendation to any holder as to whether to exercise or refrain from exercising the conversion option.
This notice is not an offer to sell, nor a solicitation of an offer to buy securities.
Chart is a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases. The majority of Chart's products are used throughout the liquid gas supply chain for purification, liquefaction, distribution, storage and end-use applications, the largest portion of which are energy-related. Chart has domestic operations across the United States and an international presence in Asia, Australia and Europe.