Tetragon Financial Group Ltd Notification of a tender offer

 
TIDMTFG 
 
Tetragon Financial Group Limited Announcement of Tender Offer to Purchase 
                   $65,000,000 of Tetragon Non-Voting Shares 
 
LONDON, Nov. 8, 2017 /PRNewswire/ -- Tetragon and its subsidiary Tetragon 
Financial Group Master Fund Limited announce the commencement of a tender offer 
to purchase a portion of the outstanding non-voting shares of Tetragon for a 
maximum aggregate payment of $65,000,000 in cash. The tender offer, which was 
initially announced by Tetragon on October 31, 2017, will be conducted as a 
"modified Dutch auction" with shareholders able to tender their Tetragon 
non-voting shares at prices ranging from and including $12.60 up to and 
including $14.00 per share. The tender offer is expected to expire at 11:59 
p.m. (EST) on December 7, 2017, unless terminated earlier. Deutsche Bank AG, 
London Branch will act as dealer manager for the tender offer and Computershare 
Investor Services PLC will act as tender agent for the tender offer. 
 
Eligible shareholders will be able to indicate how many Tetragon non-voting 
shares and at what price or prices within the specified range they wish to 
tender. Based on the number of shares tendered and the prices specified by the 
tendering shareholders, Deutsche Bank will determine the lowest price per share 
within the range that will enable the Tetragon Master Fund to purchase 
$65,000,000 in value of Tetragon non-voting shares, or a lower amount if the 
tender offer is not fully subscribed. All shares purchased by the Tetragon 
Master Fund in the tender offer will be purchased at the same price. The 
determined purchase price, as well as the proration factor (if applicable), is 
expected to be announced on or about December 12, 2017, and Tetragon expects 
the purchase of shares in the tender offer would be settled promptly 
thereafter. 
 
The tender offer is not conditioned upon the receipt of any minimum number of 
shares being tendered. 
 
This release is for informational purposes only and is neither an offer to buy 
nor the solicitation of an offer to sell any shares of Tetragon. The full 
details of the tender offer, including complete instructions on how to tender 
shares, are included in the offer to purchase which is available on Tetragon's 
website at the following URL: 
 
http://www.tetragoninv.com/investors/share-price-centre/ 
share-repurchase-programmes/2017 
 
Shareholders should read carefully the offer to purchase because it contains 
important information. Shareholders may obtain electronic copies of this 
document free of charge by calling Deutsche Bank at [phone]. 
Shareholders are urged to read these materials carefully prior to making any 
decision with respect to the tender offer. 
 
Contacts: 
 
Deutsche Bank AG, London Branch: Andreas Franzen ([phone]) or Stephen 
Lambrix ([phone]) 
 
About Tetragon: 
 
Tetragon is a closed-ended investment company that invests in a broad range of 
assets, including bank loans, real estate, equities, credit, convertible bonds 
and infrastructure and TFG Asset Management, a diversified alternative asset 
management business. Where sensible, through TFG Asset Management, Tetragon 
seeks to own all, or a portion, of asset management companies with which it 
invests in order to enhance the returns achieved on its capital. Tetragon's 
investment objective is to generate distributable income and capital 
appreciation. It aims to provide stable returns to investors across various 
credit, equity, interest rate, inflation and real estate cycles. The company is 
traded on Euronext in Amsterdam N.V. and on the Specialist Fund Segment of the 
main market of the London Stock Exchange. For more information please visit the 
company's website at www.tetragoninv.com. 
 
Tetragon:          Press Inquiries: 
 
Yuko Thomas        Prosek Partners 
Investor Relations Andy Merrill and Ryan FitzGibbon 
[e-mail] [phone] ext. 216 and ext. 234 
                   [e-mail] 
 
This release contains inside information within the meaning of Article 7(1) of 
the EU Market Abuse Regulation. 
 
This release does not contain or constitute an offer to sell or a solicitation 
of an offer to purchase securities in the United States or any other 
jurisdiction. The securities of Tetragon have not been and will not be 
registered under the U.S. Securities Act of 1933 and may not be offered or sold 
in the United States or to U.S. persons unless they are registered under 
applicable law or exempt from registration. Tetragon does not intend to 
register any portion of its securities in the United States or to conduct a 
public offer of securities in the United States. In addition, Tetragon has not 
been and will not be registered under the U.S. Investment Company Act of 1940, 
and investors will not be entitled to the benefits of such Act. Tetragon is 
registered in the public register of the Netherlands Authority for the 
Financial Markets under Section 1:107 of the Financial Markets Supervision Act 
as a collective investment scheme from a designated country. 
 
In the United Kingdom, this announcement is being distributed to, and is 
directed at, only (a) persons who have professional experience in matters 
relating to investments who fall within the definition of "investment 
professionals" in Article 19(5) of the Financial Services and Markets Act 2000 
(Financial Promotion) Order 2005, as amended; (b) high net worth companies, and 
other persons to whom it may otherwise lawfully be communicated, falling within 
Article 49(2)(a) to (d) of the Financial Services and Markets Act 2000 
(Financial Promotion) Order 2005; or (c) persons to whom an invitation or 
inducement to engage in an investment activity (within the meaning of Section 
21 of the Financial Services and Markets Act 2000) in connection with the 
tender offer may otherwise lawfully be communicated or caused to be 
communicated (all such persons together being referred to as "relevant 
persons"). The tender offer is available only to relevant persons. Any person 
who is not a relevant person should not act or rely on this announcement or any 
of its contents. 
 
Deutsche Bank AG is authorised under German Banking Law (competent authority: 
European Central Bank) and, in the United Kingdom, by the Prudential Regulation 
Authority. It is subject to supervision by the European Central Bank and by 
BaFin, Germany's Federal Financial Supervisory Authority, and is subject to 
limited regulation in the United Kingdom by the Prudential Regulation Authority 
and Financial Conduct Authority. Details about the extent of Deutsche Bank AG's 
authorisation and regulation by the Prudential Regulation Authority, and 
regulation by the Financial Conduct Authority are available on request or from 
www.db.com/en/content/eu_disclosures.htm. 
 
 
 
END 
 

(END) Dow Jones Newswires

November 08, 2017 02:00 ET (07:00 GMT)