Tucows, Inc., (AMEX: TCX) (TSX:TC), announced today the preliminary results of its modified “Dutch auction” tender offer, which expired at 5:00 p.m., New York City time, on January 4, 2013.
Tucows expects to purchase up to 4,114,437 shares of its Common Stock at a purchase price of $1.50 per share, for a total of $6,173,155.
“The price per share is preliminary and subject to verification by Registrar and Transfer Company, the depositary for the tender offer. “
“The actual price per share will be announced promptly following completion of the verification process. “
“Tucows commenced the tender offer on November 29, 2012 when it offered to purchase up to 6,500,000 shares of its Common Stock at a price within the range of $1.35 to $1.50 per share, net to the seller in cash, without interest.”
“Based on the preliminary results, as a result of the completion of the tender offer Tucows expects to have approximately 40,207,000 shares issued and outstanding as of the time immediately following payment for the tendered shares”.