Triumph Financial announces final results of tender offer

Triumph Financial announced the final results of its modified "Dutch auction" tender offer to purchase up to $100 million of its common stock for cash at a price per share not less than $51.00 and not greater than $58.00, which expired at 12:00 midnight, New York City time, at the end of the day on December 6, 2022. Based on the final count by Equiniti Trust Company, the depositary for the tender offer, a total of 408,615 shares of Triumph’s common stock, $0.01 par value per share, were properly tendered at or below the purchase price of $58.00 per share and neither properly withdrawn nor tendered conditionally by any stockholder with conditions that were not met. Triumph has accepted for purchase 408,615 shares of its common stock, $0.01 par value per share, at a price of $58.00 per share, for an aggregate cost of $23,699,670, excluding fees and expenses related to the tender offer. The 408,615 shares that the Company accepted for purchase represent approximately 1.67% of the Company’s shares outstanding as of December 5, 2022. As the Company accepted for purchase all of the shares which were properly tendered and not properly withdrawn at a price at or below $58.00, there is no proration factor.