WINN » Topics » Registration Rights Agreement

This excerpt taken from the WINN 8-K filed Dec 11, 2006.

Registration Rights Agreement

On December 5, 2006, as contemplated by the Plan of Reorganization confirmed by the United States Bankruptcy Court on November 9, 2006 (the “Plan”) and previously filed with the Securities and Exchange Commission (the “SEC”), Winn-Dixie Stores, Inc. (the “Company”) entered into a Registration Rights Agreement (“Registration Rights Agreement”) with Capital Research and Management Company, Capital Guardian Trust Company and such other persons who may become a party thereto (the “Holders”), as holders of shares of new common stock, par value $0.001 per share (the “Common Stock”), to be issued pursuant to the Plan (“Registrable Common Stock”). Generally, for a period of two years following November 21, 2006 (the “Effective Date”) these Holders will be granted registration rights as set forth in the Registration Rights Agreement (subject to limited extensions in certain circumstances).

Securities Act Registration on Request

The Registration Rights Agreement grants one or more Holders which, together with their Affiliates, collectively beneficially own Registrable Common Stock representing at least 5% of the shares of Common Stock issued pursuant to the Plan (a “Requesting Holder”) a right to make a written request to the Company for registration with the SEC under the Securities Act of 1933, as amended (the “Securities Act”) of all or part of such Requesting Holder’s Registrable Common Stock, upon receipt of which the Company shall promptly notify in writing all other Holders of the request, file a registration statement within 90 days after the initial request is received and 60 days after any subsequent request is received. The Company shall also use its best efforts to effect, at the earliest practicable date, such registrations under the Securities Act, subject to certain exceptions.

Piggyback Registration

If the Company proposes to file a registration statement (other than in connection with a merger or reorganization or relating to an employee benefit plan or in connection with an exchange offer or offering of securities solely to the Company’s existing securityholders) for its own account or the account of any other person, any Holder of Registrable Common Stock will be given the opportunity to include its Registrable Common Stock in such registration.

Expenses

Subject to provisions for the assumption of expenses upon withdrawal of a request for registration, the Company will bear all out-of-pocket registration expenses in connection with the request for registration, including up to $50,000 in the aggregate for counsel and accountants to represent the Holders of the Registrable Common Stock and for premiums and other costs of policies of insurance against liabilities arising out of a Public Offering of the Registrable Common Stock. All underwriting fees, discounts, selling commissions and stock transfer taxes applicable to the sale of the Registrable Common Stock shall be borne by the applicable selling Holder or Holders.

This description of the Registration Rights Agreement is qualified in its entirety by reference to the full text of the Registration Rights Agreement, a copy of which is attached hereto as Exhibit 4.1 and is incorporated herein by reference.

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