Spectrum Group Extends Rights Offering to September 13
Spectrum Group International, Inc. (SPGZ) announced today that it has extended the expiration date for its rights offering from Thursday, September 6, 2012 to Thursday, September 13, 2012. The transferable subscription rights issued by the Company may now be exercised at any time prior to 5:00 p.m. New York City time on Thursday, September 13, 2012.
Under the terms of the rights offering, each holder of common stock (other than Afinsa Bienes Tangibles, S.A. En Liquidacion and Auctentia, S.L.) received 1.4 transferable subscription rights for each share of common stock owned as of the record date of July 31, 2012. Each transferable subscription right entitles its holder to purchase one share of common stock at a subscription price equal to $1.90 per share. Holders of rights are also entitled to exercise customary oversubscription rights.
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