Edition:
India

Home Capital Group To Offer To Repurchase Up To C$300 Mln Shares From Shareholders For Cash


Monday, 12 Nov 2018 

Nov 12 (Reuters) - Home Capital Group Inc ::HOME CAPITAL GROUP INC. ANNOUNCES COMMENCEMENT AND TERMS OF SUBSTANTIAL ISSUER BID.HOME CAPITAL GROUP INC - TO OFFER TO REPURCHASE FOR CANCELLATION UP TO C$300 MILLION SHARES FROM SHAREHOLDERS FOR CASH.HOME CAPITAL GROUP INC - OFFER IS BEING MADE BY WAY OF A "MODIFIED DUTCH AUCTION".HOME CAPITAL GROUP INC - OFFER PRICES RANGE FROM C$16.50 TO C$18.50 PER SHARE.HOME CAPITAL GROUP INC - OFFER WILL BE FOR ABOUT 22.66% OF HOME CAPITAL'S 80,246,349 TOTAL ISSUED AND OUTSTANDING SHARES.HOME CAPITAL GROUP INC - HAS NOT BEEN ADVISED AS TO WHETHER BERKSHIRE HATHAWAY INTENDS TO DEPOSIT ANY OF THEIR SHARES PURSUANT TO OFFER.HOME CAPITAL GROUP INC - TURTLE CREEK ASSET MANAGEMENT ADVISED THEY HAVE NOT YET MADE A DETERMINATION WITH RESPECT TO OFFER.HOME CAPITAL GROUP INC - OFFER WILL EXPIRE AT 5:00 P.M. EASTERN TIME ON DECEMBER 18, 2018, UNLESS EXTENDED OR WITHDRAWN.HOME CAPITAL GROUP INC - DIRECTORS AND OFFICERS ADVISED THEY WILL NOT TENDER ANY OF THEIR SHARES PURSUANT TO OFFER.