RenFin Announces Share Buy-Back
In an announcement made to the Bermuda Stock Exchange (BSX), the Directors of RenFin Limited announced the planned repurchase of up to US$30,000,000 worth of Company shares.
The Directors of the Company approved a proposal to utilise up to US$30,000,000 of the Company’s assets to repurchase of shares in the Company on 21 December, 2010. The repurchase is being conducted in order to distribute proceeds received in connection with the Company’s business activities.
The Company is inviting shareholders to tender Shares at a repurchase price of US$75.00 per share, and further subject to applicable charges. Shareholders may tender all or any number of their Shares as of the repurchase date by
completing a tender form and returning them to the Company’s administrator, Custom House Fund Services (Ireland) Limited, no later than 5.00pm (Irish time) on 20 December, 2010.
Each shareholder may tender any number of Shares up to (but not exceeding) the total number of Shares registered in their name at 5.00pm on 20 December, 2010. Tenders will be satisfied pro rata to the total amount of Shares tendered.
