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RenFin Limited Announces Share Buy-Back
Hamilton, Bermuda – 03 December, 2010 - In an announcement made to the Bermuda Stock Exchange (BSX), the Directors of RenFin Limited (the “Company”; Ticker: RENFIN1.VI) have announced the planned repurchase of up to US$30,000,000 worth of Company shares.
The Directors of the Company approved a proposal to utilise up to US$30,000,000 of the Company’s assets to repurchase of shares in the Company (“Shares”) on 21 December, 2010. The repurchase is being conducted in order to distribute proceeds received in connection with the Company’s business activities.
The Company is inviting shareholders to tender Shares at a repurchase price of US$75.00 per share, and further subject to applicable charges.
Shareholders may tender all or any number of their Shares as of the repurchase date by completing a tender form and returning them to the Company’s administrator, Custom House Fund Services (Ireland) Limited (the “Administrator”). Investors who wish to participate must send completed tender forms to the Administrator to be received no later than 5.00p.m. (Irish time) on 20 December, 2010.
Each shareholder may tender any number of Shares up to (but not exceeding) the total number of Shares registered in his name at 5.00pm on 20 December, 2010. Tenders will be satisfied pro rata to the total amount of Shares tendered.
For further information on the Tender Offer please contact:
Custom House Fund Services (Ireland) Limited
25 Eden Quay | Dublin 1| Ireland
Tel.: +353 1 878 0807
Fax: +353 1 878 7410
Bermuda Listing Sponsor:
Appleby Securities (Bermuda) Ltd
Mr Sherman Taylor (441) 298-3582