GP Investments Limited : Material Fact - Treasury Shares Acquisition
January 15, 2014 at 07:14 am EST
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GP INVESTMENTS, LTD. MATERIAL INFORMATION PRESS RELEASE
January 14th, 2014 - GP Investments, Ltd., with registered office at 129, Front Street, Penthouse, Hamilton HM 12, Bermuda (the "Company"), hereby announces that the Company's Board of Directors has approved the acquisition as treasury shares of up to 10,131,329 of the Company's Class A shares (which constitute approximately 10% of the Company's free float on this date), including shares in the form of Brazilian Depositary Shares evidenced by Brazilian Depositary Receipts ("BDRs") (the "Treasury Shares Acquisition"). The acquisition period for the Treasury Shares Acquisition shall commence on January 14, 2014 and end on January 14, 2015 (the "Acquisition Period"). The acquisition price for the Treasury Shares Acquisition will be the market price quoted on the date of each transaction during the Acquisition Period. Any acquisition will be made on Luxembourg Stock Exchange (in respect the Class A Shares) and BM&FBOVESPA (in respect of the BDRs) at prevailing open market prices and paid out of general corporate funds via one of the following securities dealers and brokers: Credit Suisse (Brasil) S.A. CTVM; Morgan Stanley CTVM S.A., Merril Lynch CTVM S.A., BTG Pactual CTVM S.A., Itaú Corretora de Valores S.A., CitiGroup Global Markets Brasil CCTVM S.A. and Goldman Sachs do Brasil Corretora de Títulos e Valores Mobiliários S.A.
GP Investments, Ltd. is a Bermuda-based private equity and alternative investment company. The Companyâs operations comprise private equity, real estate and direct investment activities, including the management of limited partnerships. Its segments include private equity and real estate. In the private equity business, it invests to acquire control or joint control with the original owners with the objective of lead the invested company. In real estate business, it invests primarily at the asset level, directly in projects in the residential, office and retail segments. Its investment portfolio includes Spice Private Equity Ltd., Grupo SBF, BR Properties, and 2TM Group. It invests in approximately 15 sectors, such as industry, health services, mobile resource management, retail, logistics, real estate/shopping malls, Internet and technology, hotel, telecommunication, utilities, education, entertainment/restaurants, consumer goods, human resources (HR) services, and oil and gas.