The Board of Directors of Tau Capital Plc authorized a tender offer on January 23, 2013. Under the offer, the company will repurchase its ordinary shares for $33 million. The record date for the offer is January 29, 2013. The tender offer will expire on February 18, 2013.

On February 11, 2013, the Board disclosed the tender price to be $0.52 per share. Thus under the tender offer the company expects to repurchase up to approximately 63,082,437 shares. Computershare Investor Services PLC and Numis Securities Ltd acted as the broker to Tau Capital Plc.