MDU Resources Group, Inc. (NYSE: MDU) today announced that outside Director Thomas Everist intends to file a Form 144 on Aug. 11 with the Securities and Exchange Commission, indicating his intent to sell within the next month up to 300,000 shares of MDU Resources common stock held by The Everist Company.
Everist beneficially owns approximately 1.15 million shares of MDU Resources common stock, which is less than 1 percent of outstanding shares. A majority of the shares were acquired when his construction materials business, Connolly-Pacific Co., was sold to MDU Resources in 2000.
“MDU Resources is an exceptional company, and I am proud to be on the board of directors and a significant shareholder,” Everist said. “I am selling a portion of my shares, which I have held for 16 years, to diversify my portfolio.”
About MDU Resources
MDU Resources Group, Inc., a member of the S&P MidCap 400 index, provides essential products and services through its regulated energy delivery and construction materials and services businesses. For more information about MDU Resources, see the company’s website at www.mdu.com or contact the Investor Relations Department at firstname.lastname@example.org.
Financial: Janelle Steiner, assistant treasurer, 701-530-1031
Media: Laura Lueder, manager of communications and public relations, 701-530-1095