Het resultaat van de tender: $10.30
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March 11, 2014
Tetragon Financial Group Master Fund Limited Announces Final Results of its Tender Offer to Purchase Tetragon Financial Group Limited (“TFG”) Non-Voting Shares
TFG today announced the final results of the “modified Dutch auction” tender offer (the “Offer”) by its subsidiary, the Tetragon Financial Group Master Fund Limited (the “Master Fund”) to purchase a portion of the outstanding non-voting shares of TFG for a maximum aggregate payment of $50,000,000 in cash. The Offer expired at 11:59 p.m., Eastern Daylight Time, on Monday, March 10, 2014.
Deutsche Bank AG, London Branch (“Deutsche Bank”) acted as dealer manager for the Offer and KAS BANK N.V. acted as tender agent for the Offer. As dealer manager, Deutsche Bank determined the final purchase price at which the Master Fund will purchase shares in the Offer and the final proration factor.
In accordance with the terms of the Offer, the Master Fund has accepted for purchase 4,854,367 TFG non-voting shares at a purchase price of $10.30 per share. The aggregate cost of this purchase is $49,999,980.10, excluding fees and expenses relating to the Offer. A total of 11,744,910 TFG non-voting shares were properly tendered and not withdrawn at the purchase price of $10.30 per share. Because more than $50,000,000 in value of TFG non-voting shares was properly tendered and not properly withdrawn, the Offer was subject to proration pursuant to the terms of the Offer, with appropriate adjustments to avoid purchases of fractional shares. The final proration factor for the Offer is 41.3%, rounded to the first decimal place.1
The Master Fund will promptly make payment for the shares validly tendered and accepted for purchase, which is expected to occur on or about March 17, 2014. All shares tendered and not purchased in the Offer will be promptly returned to the tendering shareholders.
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