The Offer will expire at
Participation in the Offer is voluntary. The Offer is not conditioned upon any minimum number of Common Shares being tendered. However, if the Offer is oversubscribed, the Company will prorate the number of shares accepted for payment. If application of the proration factor to the number of Common Shares tendered results in a fractional share, the number of shares accepted for payment from the tendering shareholder will be rounded down to the nearest whole share. If the number of Common Shares resulting from application of the proration factor is less than one, none of the shares from the tendering shareholder will be accepted.
The tender of fractional Common Shares will not be accepted, unless the shares tendered represent all of the shares held of record by the tendering shareholder.
The Offer is subject to various terms and conditions. Specific instructions and an explanation of the terms and conditions of the Offer are contained in the offer to purchase, dated
Certain Information Regarding the Offer
While SGI’s board of directors has authorized the Offer, none of SGI, its directors and officers, the depositary or the information agent are making any recommendation to shareholders on whether or not to tender their Common Shares. Shareholders must make their own decision as to whether to tender their Common Shares and, if so, how many Common Shares to tender. In doing so, shareholders should read carefully the information in the Offer to Purchase and the Letter of Transmittal relating to the Offer that are being distributed to shareholders, as they may be amended or supplemented. Shareholders should read the Offer to Purchase and related materials carefully and in their entirety because they contain important information, including the various terms and conditions of the Offer. Shareholders are urged to discuss their decision with their tax advisors, financial advisors and/or brokers.
This press release is for informational purposes only and is not an offer to buy or a solicitation of an offer to sell any Common Shares.
The offer is being made solely by the Offer to Purchase and the related Letter of Transmittal, as they may be amended or supplemented. Investors may obtain these documents for free from
About SGI
SGI operates through its subsidiaries as an integrated network of leading companies concentrating on numismatics (coins) and paper currency. The Company is also a merchant/dealer of certain collectibles. The sale of our products is conducted through auctions – both traditional live auctions as well as Internet only auctions – or through merchant/dealer transactions. The Company has offices and auction houses in
Contact:
groberts@spectrumgi.com
949-748-4800
Source:
2022 GlobeNewswire, Inc., source