Tau Capital plc announces a share repurchase program. Under the program, the company will repurchase up to $5.5 million worth of its common stock through its tender offer.

On June 24, 2014, the Board disclosed the tender price to be $0.3 per share. Thus under the tender offer the company expects to repurchase up to approximately 18,333,333 shares. The record date for the offer is June 30, 2013. The offer will expire on July 21, 2014. Numis Securities Ltd. acted as the broker to Tau Capital Plc.