Nam Tai Property Inc (fka NTP) (NTP)

[Enterprising Investor]

Nam Tai Property Inc. Announces Results of its Cash Tender Offer (6/01/15)

SHENZHEN, China, June 1, 2015 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) announced today the results of its previously announced cash tender offer to purchase 3,000,000 of its Common Stock, par value $0.01 per share (the "Shares") at a purchase price of $5.50 per Share, which expired at 5:00 P.M., Eastern Daylight Time, on Friday, May 29, 2015.

Based on the count by Computershare Trust Company, N.A., the Depositary for the tender offer, an aggregate of 8,278,235 Shares were properly tendered and not withdrawn, including 317,804 Shares tendered by Notice of Guaranteed Delivery. Accordingly, pursuant to the terms of the tender offer and applicable securities laws, the Company has accepted for purchase 3,000,000 Shares at a purchase price of $5.50 per Share. The aggregate purchase price that the Company will pay for the Shares will be $16,500,000, excluding other fees and expenses relating to the tender offer.

The Company has instructed the Depositary for the tender offer to promptly make payment on its behalf for the Shares validly tendered and accepted for purchase. Immediately following its purchase of the tendered Shares, the Company expects to have 39,618,322 Shares issued and outstanding.

If you have any questions regarding the tender offer, please contact Georgeson Inc., the Information Agent for the tender offer, at [phone] (toll-free), or WestPark Capital, Inc., the Dealer Manager for the tender offer, at [phone].

http://www.prnewswire.com/news-releases/nam-tai-property-inc-announces-results-of-its-cash-tender-offer-300091419.html