Tetragon Financial Group Ltd Tender Offer

 
TIDMTFG 
 
Tetragon Financial Group Limited Announcement of Final Results of Tender Offer 
                    to Purchase Tetragon Non-Voting Shares 
 
LONDON, Dec. 8, 2017 /PRNewswire/ -- Tetragon and its subsidiary Tetragon 
Financial Group Master Fund Limited announce the final results of the "modified 
Dutch auction" 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 expired at 11:59 p.m. (EST) on 7 December 2017. 
 
Deutsche Bank AG, London Branch acted as dealer manager for the tender offer 
and Computershare Investor Services PLC acted as tender agent for the tender 
offer.  As dealer manager, Deutsche Bank determined the final purchase price at 
which the Tetragon Master Fund will purchase shares in the tender offer and the 
final proration factor. 
 
In accordance with the terms of the tender offer, the Tetragon Master Fund has 
accepted for purchase 4,779,411 Tetragon non-voting shares at a purchase price 
of $13.60 per share.  The aggregate cost of this purchase is $64,999,989.60, 
excluding fees and expenses relating to the tender offer.  A total of 5,116,818 
Tetragon non-voting shares were properly tendered and not withdrawn at or below 
the purchase price of $13.60 per share.  Because more than $65,000,000 in value 
of Tetragon non-voting shares was properly tendered and not properly withdrawn, 
the tender offer was subject to proration pursuant to the terms of the tender 
offer, with appropriate adjustments to avoid purchases of fractional shares. 
The final proration factor for the tender offer is 93.41%, rounded to the 
second decimal place.1 
 
The Tetragon Master Fund will promptly make payment for the shares validly 
tendered and accepted for purchase, which is expected to occur on or about 14 
December 2017.  All shares tendered and not purchased in the tender offer will 
be promptly returned to the tendering shareholders. 
 
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. 
 
1 The full final proration factor is 93.4059363593914%. 
 
 
 
END 
 

(END) Dow Jones Newswires

December 11, 2017 02:00 ET (07:00 GMT)