Tetragon Financial Group Limited (TFG)
Announces Continuation of its Share Repurchase Program
TFG today announces that it will reinitiate its share repurchase program previously announced on October 28, 2011 (the "Prior Share Repurchase Program"). The Board of TFG continues to be confident in the long-term prospects of TFG. The Board also believes that the purchase of shares in the market may at appropriate price levels below Net Asset Value represent an attractive use of TFG's excess cash and an efficient means to return cash to its shareholders. The updated share repurchase program will commence on January 14, 2013 and will continue for a period of up to April 30, 2013, until the remainder of the 5% of the Company's outstanding shares authorized under the Prior Share Repurchase Program have been repurchased or until terminated by the Board. Other than as described below, the updated share repurchase program shall be conducted on the same terms as the Prior Share Repurchase Program. Accordingly, the maximum price to be paid per share under the share repurchase program shall not exceed the higher of the price of the last independent trade and the highest current independent bid on NYSE Euronext in Amsterdam. TFG's maximum daily trading volume for such purchases shall be based on the average daily volume traded in December 2012 and shall be fixed for the duration of the program. <pre> For further information, please contact: TFG: David Wishnow/Yuko Thomas Investor Relations firstname.lastname@example.org Press Inquiries: Brunswick Group Andrew Garfield/Brian Buckley +44-20-7404-5959 email@example.com </pre> PRN NLD The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.
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