CIBL Announces Final Results of Its Tender Offer for Shares of ICTC Group
RENO, Nev., Dec. 26, 2012 /PRNewswire/ -- CIBL, Inc. ("CIBL") (PINK: CIBY) announced today the final results of its tender offer (the "Offer"), commenced November 21, 2012, to purchase for cash up to 80,000 shares of Class A common stock, $0.0001 par value per share (the "Shares"), of ICTC Group, Inc. ("ICTC") (PINK: ICTG), at a purchase price of $22.25 per Share, net to the seller in cash, less any applicable withholding taxes and without interest. The Offer expired at 12:00 Midnight, Eastern Time, on December 19, 2012.
Based on the final count by Computershare Trust Company, N.A., the Depositary for the Offer, 81,552 Shares were validly tendered and not properly withdrawn. Pursuant to the terms of the Offer, CIBL accepted for purchase an additional 1,552 shares (within 2% of the outstanding Shares). As a result, no proration was required and all Shares validly tendered and not properly withdrawn were accepted for purchase. As such, CIBL accepted for purchase 81,552 Shares at a purchase price of $22.25 per Share for a total cost of approximately $1.8 million, excluding fees and expenses related to the Offer.
The Depositary will promptly issue payment for the Shares validly tendered and accepted under the Offer.
Investor questions concerning the tender offer may be directed to the information agent, Morrow & Co., LLC, at (800) 461-0945 or email@example.com.
This release contains certain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including without limitation anticipated corporate transactions. It should be recognized that such information may be based upon certain assumptions, projections and forecasts regarding, among other things, business conditions and financial markets, and must be read in conjunction with the cautionary statements set forth in documents filed by CIBL on its website, www.ciblinc.com. As a result, there can be no assurance that any possible transactions will be accomplished, and such information is subject to uncertainties, risks and inaccuracies, which could be material.
CIBL is a holding company with subsidiaries in television broadcasting. CIBL is listed on the Pink Sheets© under the symbol CIBY. CIBL's telephone number is (775) 664-3700.
Robert E. Dolan
Interim Chief Executive Officer and
Interim Chief Financial Officer
SOURCE CIBL, Inc.
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