Ruth’s Hospitality Group turns Special Meeting of Stockholders into a great success.

Wall Street Grand LLC, Which Provides its Members as well as The Stock Market Community with the Latest Hot Topics, Exclusive Information, Top Stock Picks, and Market Moving News would like to present to its readers the Latest News regarding Ruth’s Hospital Group, Inc’s. (NYSE:RUTH) announcement on the approved proposals made at the stockholders meeting… Ruth’s Hospital Group, Inc, trades on the “New York Stock Exchange” under the Stock Symbol, ”RUTH”. For the Latest information regarding “RUTH”, make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

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Ruth’s Hospitality Group, Inc. (NASDAQ: RUTH) announced today that at the Special Meeting of Stockholders of the Company held on the 9^th of February, stockholders voted in favor of each of the four proposals on the meeting agenda. Stockholders representing approximately 98% of the shares present and voting approved. Another topic that was discusses was the proposed sale of $25,000,000 of the Company’s newly-created Series A 10% Convertible Preferred Stock to affiliates of Bruckmann, Rosser, Sherrill & Co. Management, L.P.

The Company has also made an announcement today that it will successfully complete its previous announcement offering rights of up to 14,009,612 shares of common stock at a subscription price of $2.50 per share. The rights’ offering expired at 5:00 p.m. Eastern Standard Time, on the 9th of February, and was oversubscribed.

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