MAM Software Group offers to buy 2 million shares of its common stock

MAM Software Group, Inc. (NASDAQ: MAMS) said it is commencing a cash tender offer to purchase up to 2,000,000 shares of its common stock at a price of USD7.50 per share.

The tender offer will expire on December 1, 2015, unless extended by the company. If more than 2,000,000 shares are properly tendered and not properly withdrawn, the company will purchase shares from all tendering shareholders on a pro rata basis as specified in the offer to purchase, subject to the “odd lot” and conditional tender provisions described in the Offer to Purchase.

The company said it expects to fund the purchase of shares in the tender offer with a combination of available cash, and borrowings under a secured USD12 million credit facility with J.P. Morgan Chase Bank, N.A. that it expects to enter into prior to the close of the tender offer.

Laurel Hill Advisory Group, LLC will serve as information agent for the tender offer, and Corporate Stock Transfer, Inc. will serve as the depositary for the tender offer.

The company´s board of directors has approved the tender offer. However, none of the company or its board of directors, the information agent or the depositary in connection with the tender offer, is making any recommendation to shareholders as to whether to tender or refrain from tendering shares in the tender offer.

MAM Software Group, Inc. is a leading global provider of on-premise and cloud-based business management solutions for the auto parts, tire and vertical distribution industries.