The Board of Directors of Tau Capital plc authorized a tender offer on September 6, 2013. Under the plan, the company will repurchase up to $15 million worth of shares.

On September 18, 2013, the Board disclosed the tender price to be $0.46 per share. Thus under the tender offer the company expects to repurchase up to approximately 32,608,695 shares. The record date for the offer is September 24, 2013. The offer will expire on October 14, 2013.

On September 27, 2013, the company announced that maximum number of shares to be repurchased under the offer is 32,360,365. Numis Securities Ltd. acted as the broker to Tau Capital Plc.