TORONTO, Jan. 10, 2013 /CNW/ - Tucows Inc. (NYSE AMEX:TCX), (TSX:TC), a
global provider of domain names, email and other Internet services,
announced today the final results of its modified "Dutch auction"
tender offer, which expired at 5:00 p.m., New York City time, on
January 4, 2013. Tucows will purchase 4,114,121 shares of its Common
Stock at a purchase price of $1.50 per share, for a total cost of
$6,171,182, excluding fees and expenses related to the tender offer.
Payment for shares accepted for purchase will be funded partly in cash
and from two demand loan facilities Tucows currently has with the Bank
of Montreal. The 4,114,121 shares accepted for purchase in the tender
offer represent approximately 9.3% of Tucows' currently issued and
outstanding Common Stock.
Payment for shares accepted for purchase, and the return of all other
shares tendered but not accepted for payment, will be made promptly by
Registrar and Transfer Company, the depositary for the tender offer.
All shares purchased by Tucows in the tender offer will be cancelled. As
a result of the completion of the tender offer and immediately
following payment of the tendered shares, Tucows will have
approximately 40,215,688 shares issued and outstanding.
Tucows is a global Internet services company. OpenSRS (http://opensrs.com) manages over fourteen million domain names and millions of value-added
services through a reseller network of over 13,000 web hosts and ISPs.
Hover (http://hover.com) is the easiest way for individuals and small businesses to manage
their domain names and email addresses. Ting.com (https://ting.com) is a mobile phone service provider dedicated to bringing clarity and
control to US mobile phone users. YummyNames (http://yummynames.com) owns and operates premium domain names that generate revenue through
advertising or resale. More information can be found on Tucows'
corporate website (http://tucows.com).
This news release contains, in addition to historical information,
forward-looking statements related to the proposed tender offer,
including the timing, total number of shares to be purchased under the
proposed tender offer and the process for the proposed tender offer.
Such statements are based on management's current expectations and are
subject to a number of uncertainties and risks, which could cause
actual results to differ materially from those described in the
forward-looking statements. Information about potential factors that
could affect Tucows' business, results of operations and financial
condition is included in the Risk Factors sections of Tucows' filings
with the Securities and Exchange Commission. All forward-looking
statements included in this document are based on information available
to Tucows as of the date of this document, and except to the extent
Tucows may be required to update such information under any applicable
securities laws, Tucows assumes no obligation to update such
TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All
other trademarks and service marks are the properties of their
SOURCE: Tucows Inc.
<p> Lawrence Chamberlain<br/> TMX Equicom<br/> (416) 815-0700 ext. 257<br/> <a href="mailto:firstname.lastname@example.org">email@example.com</a> </p>