Artesian Resources prices ~$34.8M public offering of Class A non-voting shares at $50/share

ARTESIAN RESOURCES CORP

Priced 695,650 Class A non-voting shares at $50/share, gross proceeds ~$34.8M; closing May 23.
Underwriter granted 30-day option to purchase up to 104,348 additional shares at offering price less discount.
Net proceeds intended for capital investment program and repayment of outstanding indebtedness.
Janney Montgomery Scott LLC is sole book-running manager.
Offering made pursuant to effective shelf registration statement (Reg No. 333-266821).

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