SPENCER, Ind.--()--Home Financial Bancorp (OTCQB: HWEN) today announced that it has commenced a tender offer for the purchase of all shares of its common stock held by persons owning 1,000 or fewer shares as of the close of business on September 18, 2012. The Company will pay $5.00 for each share properly tendered by an eligible shareholder. This price is based upon current market prices and other factors considered by the Company’s Board of Directors. The last closing sale price for a share of its common stock as reported on the OTC Markets was $4.75 per share on September 27, 2012.
The offer is not conditioned on the receipt of any minimum number of tenders, but is subject to a maximum aggregate purchase of 110,000 shares. The Company has reserved the right to withdraw the offer if it determines that it is inadvisable to proceed with the offer for any reason. Brokers are asked to submit tenders on a per shareholder basis rather than on an aggregate basis.
Questions or requests for documents may be directed to Kurt D. Rosenberger, President of Home Financial Bancorp, at (812)829-2098, or Eagle Rock Proxy Advisors, the Information Agent for the offer, by telephone at (855)413-5856 (toll free) or via email at email@example.com.
This press release is for informational purposes only and is not an offer to buy or a solicitation of an offer to sell any shares of Home Financial Bancorp’s common stock. The offer is being made solely by the Offer to Purchase for Cash and the accompanying Letter of Transmittal, each dated October 3, 2012, which are being mailed to shareholders today. The Offer will expire at 5:00 p.m. Eastern Time on November 2, 2012, unless otherwise extended or earlier terminated. Eligible shareholders who would like to accept the offer must tender all shares that they own. Partial tenders will not be accepted.
Home Financial Bancorp and Our Community Bank, an FDIC-insured Indiana stock commercial bank, operate from headquarters in Spencer, Indiana, and a branch office in Cloverdale, Indiana. Additional information concerning Home Financial Bancorp and its subsidiaries is available at www.hfbancorp.com or www.ocbconnect.com.