GAIN Commences Modified Dutch Auction Tender Offer to Purchase up to $50 Million of its Shares
"The Offer underlines our ongoing commitment to executing a balanced capital allocation strategy to enhance shareholder value," stated
GAIN believes that the modified Dutch auction tender offer represents an efficient mechanism to provide GAIN's stockholders with the opportunity to tender all or a portion of their Shares and thereby receive a return of some or all of their investment in GAIN if they so elect. The Offer provides stockholders with an opportunity to obtain liquidity with respect to all or a portion of their Shares without the potential disruption to the Share price.
The Offer is not contingent upon obtaining any financing. However, the Offer is subject to a number of other terms and conditions, which are described in detail in the offer to purchase. Specific instructions and a complete explanation of the terms and conditions of the Offer will be contained in the offer to purchase, the letter of transmittal and the related materials, which will be mailed to stockholders of record shortly after commencement of the Offer.
None of GAIN, the members of its Board of Directors, the dealer manager, the information agent or the depositary makes any recommendation as to whether any stockholder should participate or refrain from participating in the Offer or as to the price or prices at which stockholders may choose to tender their shares in the Offer.
Additional Information and Where to Find It
This communication is for informational purposes only. This communication is not a recommendation to buy or sell GAIN common stock or any other securities, and it is neither an offer to purchase nor a solicitation of an offer to sell GAIN common stock or any other securities. GAIN will be filing today a tender offer statement on Schedule TO, including an offer to purchase, letter of transmittal and related materials, with the
Cautionary Note Regarding Forward-Looking Statements
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Additionally, statements regarding operating results for future years, growth in operating results and the factors contributing to future operating results; the resolution of licensing disputes and the impact and timing thereof; expected market, industry, geographic and organic growth and trends; future serviceable addressable market size and growth; anticipated contributions from and growth in new opportunities; benefits from planned cost reductions; technology and product leadership and trends; GAIN's positioning to benefit from any of the above; potential benefits and upside to GAIN's stockholders related to any of the above; and the regulatory process and regulatory uncertainty are forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should," "will" and similar expressions are intended to identify such forward-looking statements. These statements are based on GAIN's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological, strategic and/or regulatory factors, and other factors affecting the operations of GAIN. More detailed information about these factors may be found in GAIN's filings with the
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Investor Relations Contact: Lauren Tarola, Edelman for GAIN Capital, +1 908.731.0737, email@example.com; Media Contact: Nicole Briguet, Edelman for GAIN Capital, +1 212-704-8164, firstname.lastname@example.org