Odd Lot Index

NAM TAI PROPERTY INC. NTPIF

No odd-lot preference

Unclear — read the filing yourself
This offer mentions odd lots only to say they get no special treatment. Odd-lot tenders are prorated like everyone else's.
StatusClosed
Closing date2015-09-04
How it is pricedFixed price
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formYes
Price offeredUSD $5.50 per share
Most an odd-lot tender could be$544.50

Where each of these comes from

Every line above was read out of the filing. Here is the wording it was read from, so you can check it.

election_required = True...der Offer.” If I own fewer than 100 shares and I tender all of my shares, will I be subject to proration? If you own beneficially or of record fewer than 100 shares in the aggregate, you properly tender all of these shares prior to the Expiration Time and you complete the section entitled “odd lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery, we will purchase all of your shares without subjecting them to the proration procedure. See “The Tender Offer—Terms of the Tender Offer.” - 4 - Once I have tendered shares in the Tender Offer, can I withdraw my tender? Yes. You may withdraw any shares you have tendered at any time...
expiry = 2015-09-04...1)(A) Nam Tai Property Inc. Offer to Purchase for Cash Up to 15,000,000 Shares of Its Common Stock for a Purchase Price of $5.50 Net Per Share THE TENDER OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON SEPTEMBER 4, 2015, UNLESS THE TENDER OFFER IS EXTENDED. Nam Tai Property Inc., a British Virgin Islands corporation (the “Company”), is offering to purchase up to 15,000,000 shares of the Company’s common stock, par value $0.01 per share (the “Company Commo...
listed = True...tances, if we waive any of the conditions described above, we may be required to extend the Expiration Time. Any determination by us concerning the events described above will be final and binding on all parties. Price Range of the Shares/Dividends The shares are traded on the NYSE under the symbol “NTP.” The following table sets forth, for each of the periods indicated, the high and low sales prices per share as reported by the NYSE based on published financial sources. High Low Year Ending December 31, 2015: First Quarter $ 5.16 $ 3.51 Second Quarter $ 5.40 $ 3.86 Third Quarter (through July 31) $ 5.12 $ 4.20 Yea...
mechanism = FIXED...2015, what the amounts of such dividends will be or whether such dividends, once declared for a specific period, will continue for any future period, or at all. Source and Amount of Funds Assuming that 15,000,000 shares are tendered in the Tender Offer at the purchase price of $5.50 per share, we would need approximately $82,500,00 to purchase such shares (excluding fees and expenses related to the Tender Offer). - 20 - We anticipate that we will pay for the shares tendered in the Tender Offer with cash on hand. As most of our cash and cash equivalent assets are denominated in Renminbi, we may drawdown from our US$90.0 millio...
must_tender_all = True.... What happens if more than 15,000,000 shares are tendered? If more than 15,000,000 shares are properly tendered and not properly withdrawn prior to the Expiration Time, we will purchase shares: • first, from holders of all “odd lots” of fewer than 100 shares who properly tender all of their shares and do not properly withdraw them before the Expiration Time; • second, from all other stockholders who properly tender shares on a pro rata basis (except for stockholders who tendered shares conditionally for which the condition was not satisfied); and • third, only if necessary to permit us to purchase 15,000,000 shares, from holders w...
no_priority = True...ee “The Tender Offer—Procedures for Tendering Shares.” Also see “The Tender Offer—United States Federal Income Tax Consequences” regarding U.S. federal income tax consequences for foreign stockholders. Conditional Tender of Shares Subject to the exception for Odd Lot Holders, in the event of an over-subscription of the Tender Offer, shares tendered prior to the Expiration Time will be subject to proration. See “The Tender Offer—Terms of the Tender Offer.” As discussed in “The Tender Offer—United States Federal Income Tax Consequences,” the number of shares to be purchased from a particular stockholder may affect the tax treatment of the purchase to the stockholder and the stockholder’s decision whether to tender. Accordingly, a stockholde...
price = USD 5.5...declared for a specific period, will continue for any future period, or at all. Source and Amount of Funds Assuming that 15,000,000 shares are tendered in the Tender Offer at the purchase price of $5.50 per share, we would need approximately $82,500,00 to purchase such shares (excluding fees and expenses related to the Tender Offer). - 20 - We anticipate that we will pay for the shares tendered in the Tender Offer with cash on h...
priority_conflicting = True...ering Shares” and the Instructions to the Letter of Transmittal. What happens if more than 15,000,000 shares are tendered? If more than 15,000,000 shares are properly tendered and not properly withdrawn prior to the Expiration Time, we will purchase shares: • first, from holders of all “odd lots” of fewer than 100 shares who properly tender all of their shares and do not properly withdraw them before the Expiration Time; • second, from all other stockholders who properly tender shares on a pro rata basis (except for stockholders who tendered shares conditionally for which the condition was not satisfied); and • third, only if necessary to permit u...
threshold = 100...properly withdrawn, we will purchase all such shares that are properly tendered and not properly withdrawn. If more than 15,000,000 shares are properly tendered and not properly withdrawn, we will purchase all shares tendered on a pro rata basis, except for “odd lots” (lots of fewer than 100 shares), which we will purchase on a priority basis, and except for each conditional tender whose condition was not met, which we will not purchase (except as described in “The Tender Offer—Conditional Tender of Shares”). The Tender Offer is not conditioned on any minimum number of shares being tendered, but is subject to certain conditions. Se...
txn_type = TENDER_OFFEREX-99.(A)(1)(A) 2 d92023dex99a1a.htm EX-99.(A)(1)(A) EX-99.(a)(1)(A) Exhibit (a)(1)(A) Nam Tai Property Inc. Offer to Purchase for Cash Up to 15,000,000 Shares of Its Common Stock for a Purchase Price of $5.50 Net Per Share THE TENDER OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON SEPTEMBER 4, 2015, UNLESS THE TENDER OFFER IS EXTENDED. Nam Tai Property Inc., a British Virgin Islands corporation (the “Company”), is...

The filings

FiledFormRoleOn EDGAR
2015-08-03SC TO-Ioriginal (governing)View