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Last updated on April 24, 2014 at 6:42 EDT

Tucows Inc. Announces Preliminary Results of Dutch Tender Offer

January 7, 2013

TORONTO, Jan. 7, 2013 /PRNewswire/ – Tucows Inc. (NYSE AMEX:TCX), (TSX:TC), a
global provider of domain names, email and other Internet services,
announced today the preliminary results of its modified “Dutch auction”
tender offer, which expired at 5:00 p.m., New York City time, on
January 4, 2013. Tucows expects to purchase up to 4,114,437 shares of
its Common Stock at a purchase price of $1.50 per share, for a total of
$6,173,155.  Tucows expects to fund the share purchases in the tender
offer through two of its demand loan facilities with the Bank of
Montreal.

The price per share is preliminary and subject to verification by
Registrar and Transfer Company, the depositary for the tender offer.
The actual price per share will be announced promptly following
completion of the verification process. After the determination of the
actual price per share, the depositary will issue payment for the
shares accepted under the tender offer and return all shares not
accepted.

Tucows commenced the tender offer on November 29, 2012 when it offered
to purchase up to 6,500,000 shares of its Common Stock at a price
within the range of $1.35 to $1.50 per share, net to the seller in
cash, without interest.

All shares purchased by Tucows in the tender offer will be cancelled. 
Based on the preliminary results, as a result of the completion of the
tender offer Tucows expects to have approximately 40,207,000 shares
issued and outstanding as of the time immediately following payment for
the tendered shares.

About Tucows

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
forward-looking statements.

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All
other trademarks and service marks are the properties of their
respective owners.

SOURCE Tucows Inc.


Source: PR Newswire