Tetragon Financial Group Ltd Final Results of Tender Offer

 
TIDMTFG 
 
Tetragon Financial Group Limited Announcement of Final Results of Tender Offer 
                    to Purchase Tetragon Non-Voting Shares 
 
LONDON, Dec. 10, 2020 /PRNewswire/ -- Tetragon announces 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 
$25,000,000 in cash. The tender offer expired at 11:59 p.m. (EST) on 8 December 
2020. 
 
J.P. Morgan Securities plc (which conducts its UK investment banking business 
as J.P. Morgan Cazenove) acted as dealer manager for the tender offer and 
Computershare Investor Services PLC acted as tender agent for the tender offer. 
As dealer manager, J.P. Morgan determined the final purchase price at which 
Tetragon will purchase shares in the tender offer. As tender agent, 
Computershare determined the final proration factor. 
 
In accordance with the terms of the tender offer, Tetragon has accepted for 
purchase 2,631,578 non-voting shares at a purchase price of $9.50 per share. 
The aggregate cost of this purchase is $24,999,991, excluding fees and expenses 
relating to the tender offer. A total of 5,936,168 Tetragon non-voting shares 
were properly tendered and not properly withdrawn at or below the purchase 
price of $9.50 per share. Because more than $25,000,000 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non-voting shares was properly tendered and not properly withdrawn, the tender 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, which is applicable only to shares properly tendered and not 
properly withdrawn at the purchase price of $9.50 per share, is 26.58%, rounded 
to the second decimal place.1 
 
Tetragon will promptly make payment for the shares validly tendered and 
accepted for purchase, which is expected to occur on or about 15 December 2020. 
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 public and private equities and credit (including distressed 
securities and structured credit), convertible bonds, real estate, venture 
capital, infrastructure, bank loans and TFG Asset Management, a diversified 
alternative asset management business. Where appropriate, 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                       United Kingdom 
Investor Relations [e-mail]               Harriet Sloane 
[e-mail]                                       [phone] 
                   United States 
                   Andy Merrill and Ryan Fitzgibbon 
                   [phone] ext. 216 and ext. 234 
 
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, as amended, 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, as amended, 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. 
 
J.P. Morgan Securities plc, which is authorised by the UK Prudential Regulation 
Authority and regulated by the UK Financial Conduct Authority and the 
Prudential Regulation Authority in the United Kingdom, is acting exclusively 
for Tetragon and for no one else in connection with the tender offer and will 
not be responsible to anyone (whether or not recipient of the tender offer) 
other than Tetragon for providing the protections afforded to the clients of 
J.P. Morgan Securities plc or for providing advice in relation to the tender 
offer. 
 
1 The full final proration factor applied is 26.58310246538092%. 
 
 
 
END 
 

(END) Dow Jones Newswires

December 10, 2020 02:50 ET (07:50 GMT)