Goldman Sachs Files Registration Statements
NEW YORK The Goldman Sachs Group, Inc. (NYSE: GS) announced today that it has filed a shelf registration statement with the Securities and Exchange Commission for the potential sale of 14,125,724 shares of common stock beneficially owned by SMBC Capital Markets, Inc. and Kamehameha Activities Association. SMBC Capital Markets, Inc. is a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (Japan), and currently owns 8,670,527 shares of Goldman Sachs common stock. Kamehameha Activities Association, a charitable organization that provides funds to advance the mission, vision and goals of the Kamehameha Schools in Hawaii, currently owns 5,455,197 shares of Goldman Sachs common stock.
Goldman Sachs also announced that, to facilitate gifts to charitable foundations and public charities, it will lift transfer restrictions on a limited amount of the Goldman Sachs common stock held by its former partners who were active at the time of the firm's initial public offering in May 1999, and by former owners of Hull, Spear, Leeds & Kellogg and Benjamin Jacobson & Sons. In relation to this, the firm has filed a registration statement with the Securities and Exchange Commission covering up to one million shares to permit charitable organizations to sell the shares they are given. This is the third consecutive year that Goldman Sachs has registered shares to facilitate charitable giving.
Goldman Sachs is a leading global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
Two registration statements relating to the common stock have been filed with the Securities and Exchange Commission but have not yet become effective. The common stock may not be sold nor may offers to buy be accepted prior to the time the registration statements become effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the preliminary prospectuses included in the registration statements may be obtained from the Prospectus Department of Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004.