| Ticker: SIGR | 911 Wilshire Boulevard, Suite 2250 | |
| Exchange: NASDAQ-National Market | Los Angeles, California 90017 | |
| Industry: Financial | (213) 622-2211 |
| Type of Shares: | Common Shares | Filing Date: | 6/14/96 | |
| U.S. Shares: | 5,250,000 | Offer Date: | 8/15/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 5,250,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.98 | |
| Offering Amount: | $78,750,000 | Selling: | $0.60 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 16,666,667 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | 4156272220 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-1172 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $72.61 | $17.51 | $14.74 | Assets: | $148.54 |
| Net Income: | $7.21 | $1.59 | $0.46 | Liabilities: | $107.59 |
| EPS: | Equity: | $40.96 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops and operates timeshare resorts in North America. The Company owns eight timeshare resorts, including one under construction, and a ninth resort in which the Company holds a partial interest. The Existing Resorts are located in a variety of popular resort destinations including Hilton Head Island, South Carolina; Poipu Beach, Kauai, Hawaii; the Orlando, Florida area; St. Maarten, Netherlands Antilles; Branson, Missouri; SOuth Lake Tahoe, California; and Avila Beach, California. The Company believes that it is the only developer and operator of timeshare resorts in North America that will offer Vacation Intervals in each of the three principal price segments in the market. The Company expects that its resorts will operate in the following three general categories, each differentiated by price range, brand affiliation and quality of accommodations: non-branded resorts; embassy vacation resorts; westin vacation club resorts. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to repay outstanding debt, fund the cash portion of consolidation transactions and for working capital and other general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.