Nam Tai Property Inc (fka NTP) (NTP)

[Enterprising Investor]

Nam Tai Property Inc. Share Repurchase By Way of a Cash Tender Offer (8/14/15)

SHENZHEN, China, Aug. 14, 2015 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) announced that, in connection with its share repurchase by way of a cash tender offer of up to fifteen million (15,000,000) of its issued and outstanding Common Stock, par value $0.01 per share (the "Shares") at a purchase price of $5.50, net per share, Nam Tai has received confirmation from each of its directors and executive officers that none of them intends to tender his or her shares in the Company. Nam Tai also wishes to clarify a market rumor that, as confirmed by each of its directors and executive officers, none of them intends, or is in discussion with a third party, to effect a going-private transaction.

This announcement is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell Nam Tai's shares. The solicitation of offers to buy Nam Tai's shares will only be made pursuant to the offer to purchase, to be issued in connection with the commencement of the tender offer (as may be amended or supplemented), the related letter of transmittal, and other related documents that Nam Tai intends to send to holders of its shares. The tender offer materials will contain important information that should be read carefully before any decision is made with respect to the tender offer. Those materials will be distributed by Nam Tai to the holders of its shares at no expense to them. In addition, all of the materials (and all other offer documents filed with the SEC) will be available at no charge on the SEC's website at www.sec.gov and by contacting the information agent for the tender offer, Georgeson Inc. by telephone at: Toll-Free [phone].

http://www.prnewswire.com/news-releases/nam-tai-property-inc-share-repurchase-by-way-of-a-cash-tender-offer-300128649.html