HENNESSY ADVISORS INC HNNA

election_required = True...wns will be an invalid tender. The shareholder should indicate the number of whole Shares he, she or it wishes to tender in the section entitled “Description of Shares Tendered” of the Letter of Transmittal. Odd lot holders who tender all of their Shares must complete the section entitled “Odd Lots” in the Letter of Transmittal to qualify for the preferential treatment available to odd lot holders. Shareholders holding their Shares through a broker, dealer, commercial bank, trust company or other nominee must contact the nominee in order to tender their Shares. Shareholders who hold Shares through nominees are urged to consult their nominees to determine whethe...

expiry = 2015-09-18...NESSY ADVISORS, INC. Offer to Purchase for Cash Of Up to $25.0 million in Aggregate Value of its Common Stock At a Purchase Price of $25.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON SEPTEMBER 18, 2015, UNLESS THE OFFER IS EXTENDED OR WITHDRAWN (SUCH DATE, AS IT MAY BE EXTENDED, THE “EXPIRATION DATE”). Hennessy Advisors, Inc., a California corporation (the “Company”), invites its shareholders to tender up to $25.0 million in aggregate va...

listed = True...tely 17% of the Company’s outstanding Shares as of August 19, 2015. THE OFFER IS CONDITIONED ON A MINIMUM AGGREGATE VALUE OF $1.0 MILLION IN SHARES BEING TENDERED. THE OFFER IS ALSO SUBJECT TO CERTAIN OTHER CONDITIONS. SEE SECTION 7. The Shares are listed and traded on the NASDAQ Capital Market under the symbol “HNNA.” On August 19, 2015, the last full trading day prior to the commencement of the Offer, the last reported sale price of the Shares was $23.25 per Share. Shareholders are urged to obtain current market quotations for the Shares before deciding whether to tender their Shares. See Section 8. THE BOARD O...

mechanism = FIXEDEX-99.(A)(1)(I) 2 c418536_ex99-a1i.htm EXHIBIT (A)(1)(I) Exhibit 99 (a)(1)(i) HENNESSY ADVISORS, INC. Offer to Purchase for Cash Of Up to $25.0 million in Aggregate Value of its Common Stock At a Purchase Price of $25.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON SEPTEMBER 18, 2015, UNLESS THE OFFER IS EXTENDED OR WITHDRAWN (SUCH DATE, AS IT MAY BE EXTENDED, THE “EXPIRATION DATE”). Hennessy Advisors, Inc., a California corporation (the “Company”), invites its shareholders to tender up to $25.0 milli...

must_tender_all = True...der more Shares than a shareholder owns will be an invalid tender. The shareholder should indicate the number of whole Shares he, she or it wishes to tender in the section entitled “Description of Shares Tendered” of the Letter of Transmittal. Odd lot holders who tender all of their Shares must complete the section entitled “Odd Lots” in the Letter of Transmittal to qualify for the preferential treatment available to odd lot holders. Shareholders holding their Shares through a broker, dealer, commercial bank, trust company or other nominee must contact the nominee in order to tender their Shares. Shareholders who hold Shar...

no_priority = True...to the person will be deducted from the Purchase Price unless satisfactory evidence of the payment of the stock transfer taxes, or exemption from payment of the stock transfer taxes, is submitted. 6. Conditional Tender of Shares. Subject to the exception for odd lot holders, in the event of an over-subscription of the Offer, Shares properly tendered prior to the Expiration Date will be subject to proration. See Section 1. As discussed in Section 13, the number of Shares to be purchased from a particular shareholder may affect the U.S. federal income tax treatment of the purchase to the shareholder and the shareholder’s decision whether to tender. Accordingly, a shareholder may tender Shares subject to the condition that a specified minimum...

price = USD 25.0...2 c418536_ex99-a1i.htm EXHIBIT (A)(1)(I) Exhibit 99 (a)(1)(i) HENNESSY ADVISORS, INC. Offer to Purchase for Cash Of Up to $25.0 million in Aggregate Value of its Common Stock At a Purchase Price of $25.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON SEPTEMBER 18, 2015, UNLESS THE OFFER IS EXTENDED OR WITHDRAWN (SUCH DATE, AS IT MAY BE EXTENDED, THE “EXPIRATION DATE”)....

priority_conflicting = True...ion of Shares Tendered” of the Letter of Transmittal indicating the number of whole Shares you own that you wish to tender. Shareholders may tender all or a portion of their Shares. Only Shares properly tendered, and not properly withdrawn, will be purchased, subject to odd lot priority and proration. Each shareholder whose Shares are purchased in the Offer will receive the Purchase Price of $25.00 per Share (net to the tendering shareholder in cash, less any applicable withholding taxes and without interest). Shareholders may not tender more Shares than they own. Accordingly, a Letter of Transmittal that purports to te...

threshold = 100...applicable law. If we do so, the preceding provisions will apply to the greater value. Odd Lots For purposes of the Offer, the term “odd lots” means all Shares properly tendered that are held by a shareholder who owns beneficially or of record an aggregate of fewer than 100 Shares, which we refer to as an “odd lot holder,” and so certifies in the appropriate place on the Letter of Transmittal and, if applicable, the Notice of Guaranteed Delivery. To qualify for this preference, an odd lot holder must tender all Shares owned beneficially or of record by the odd lot holder in accordance with the procedures described in Section 3. As set forth above,...

txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 c418536_ex99-a1i.htm EXHIBIT (A)(1)(I) Exhibit 99 (a)(1)(i) HENNESSY ADVISORS, INC. Offer to Purchase for Cash Of Up to $25.0 million in Aggregate Value of its Common Stock At a Purchase Price of $25.00 per Share THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON SEPTEMBER 18, 2015, UNLESS THE OFFER IS EXTENDED OR WITHDRAWN (SUCH DATE, AS IT MAY BE EXTENDED, THE “EXPIRATION DATE”). Hennessy...