Amended Tender Offer Statement by Third Party (sc To-t/a)
April 30 2019 - 8:04AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
Tender Offer Statement Under Section
14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
(Amendment No. 3)
MICT, INC.
(Names of Subject Company (Issuer))
BNN TECHNOLOGY PLC
(Name of Filing Persons (Offeror))
Global Fintech Holdings Ltd.
Mark Hanson
Darren Mercer
(Name of Filing Persons (Other Persons))
Common Stock, par value $0.001 per share
(Title of Class of Securities)
55328R109
(CUSIP Number of Class of Securities)
Darren Mercer, Executive Director
BNN Technology PLC
First Floor Mallory House
Goostrey Way
Knutsford
Chesire WA16 7GY
United Kingdom
+44 (0) 1565 872990
(Name, address and telephone number of person
authorized
to receive notices and communications on behalf of Filing Persons)
With copies to:
Richard Anslow, Esq.
Jonathan Deblinger, Esq.
Ellenoff Grossman & Schole LLP
1345 Avenue of the Americas
New York, New York 10105
(212) 370-1300
CALCULATION OF FILING FEE
Transaction Value(1)
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Amount of Filing Fee(2)
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$
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3,223,148
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$
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390.65
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(1)
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Estimated solely for purposes of calculating the filing
fee. The transaction value was determined by multiplying (A) 1,953,423 shares of common stock, par value $0.001 per share, of
MICT, Inc. (representing the maximum number of shares subject to the tender offer) and (B) $1.65 per share (representing the offer
price).
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(2)
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The amount of the filing fee, calculated in accordance
with Rule 0-11 under the Securities Exchange Act of 1934, as amended, equals $121.20 per million dollars of the value of the transaction.
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☒ Check the box if any part of the fee is offset as provided
by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.
Amount Previously Paid: $390.65
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Form or Registration No.: Schedule TO
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Filing Party: BNN Technology PLC
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Date Filed: February 5, 2019
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☐ Check the box if the filing relates solely to preliminary
communications made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions
to which the statement relates:
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☒
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third-party tender offer subject to Rule 14d-1.
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☐
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issuer tender offer subject to Rule 13e-4.
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☐
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going-private transaction subject to Rule 13e-3.
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☒
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amendment to Schedule 13D under Rule 13d-2.
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Check the following box if the filing is a final amendment reporting
the results of the tender offer: ☐
If applicable, check the appropriate box(es) below to designate
the appropriate rule provision(s) relied upon:
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☐
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Rule 13e-4(i) (Cross-Border Issuer Tender Offer)
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☐
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Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)
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This Amendment No. 3 (this “
Amendment
”)
amends and supplements the Tender Offer Statement on Schedule TO filed by BNN Technology PLC, a private limited company organized
under the laws of the United Kingdom (“
Purchaser
”), with the U.S. Securities and Exchange Commission
(the “
SEC
”) on February 5, 2019 (together with any subsequent amendments and supplements thereto, the
“
Schedule TO
”). The Schedule TO relates to the offer by Purchaser to purchase up to 1,953,423 shares
(the “
Shares
”) of common stock, par value $0.001 per share (the “
Common Stock
”),
of MICT, Inc., a Delaware corporation (“
MICT
” or the “
Company
”), at a price
of $1.65 per Share, net to the seller in cash, without interest, less any applicable withholding taxes, upon the terms and subject
to the conditions set forth in the offer to purchase, dated February 5, 2019 (as it may be amended or supplemented from time to
time, the “
Offer to Purchase
”) and in the related letter of transmittal (as it may be amended or supplemented
from time to time, the “Letter of Transmittal” and, together with the Offer to Purchase, the “
Offer
”),
which are annexed to and filed with this Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B), respectively. This Amendment is being
filed on behalf of the Purchaser, Global Fintech Holdings Ltd., Mark Hanson and Darren Mercer. Unless otherwise indicated, references
to sections in this Schedule TO are references to sections of the Offer to Purchase.
Items 1 through 9 and Item 11.
The disclosure in the Offer to Purchase and
Items 1 through 9 and Item 11 of the Schedule TO is hereby amended and supplemented by adding the following new paragraphs thereto:
“On April 29, 2019, Purchaser announced
an extension of the Expiration Date of the Offer to 5:00 p.m., New York City time, on Wednesday, May 29, 2019, unless the Offer
is further extended. The Offer was previously scheduled to expire at 5:00 p.m., New York City time, on Monday, April 29, 2019.
The Depositary has indicated that, as
of 4:00 p.m., New York City time, on April 29, 2019, 5,012,314 Shares have been validly tendered and not properly withdrawn
pursuant to the Offer.
The full text of the press release issued
by Purchaser announcing the extension of the Offer is attached as Exhibit (a)(1)(J) to this Schedule TO and is incorporated by
reference herein.”
Item 12. Exhibits.
Item 12 of the Schedule TO is hereby amended
and supplemented by adding the following exhibit:
Exhibit No.
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Description
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(a)(1)(J)
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Press release issued by Purchaser regarding extension of the Offer on April 29, 2019.
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Amendments to the Offer to Purchase and the Other Exhibits
to the Schedule TO
The information set forth in the Offer to
Purchase and Items 1 through 9 and Item 11 of the Schedule TO, as amended, to the extent such Items incorporate by reference the
information contained in the Offer to Purchase, is hereby amended and supplemented as follows:
All references to “5:00 p.m.,
New York City time, on Monday, April 29, 2019” in the Offer to Purchase (Exhibit (a)(1)(A)), Letter of Transmittal (Exhibit
(a)(1)(B)), Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees (Exhibit (a)(1)(C)) and Letter to
Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees (Exhibit (a)(1)(D)) are amended and
replaced with “5:00 p.m., New York City time, on Wednesday, May 29, 2019.”
SIGNATURE
After due inquiry and to the best of their
knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and
correct.
Dated: April 29, 2019
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BNN TECHNOLOGY PLC
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By:
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/s/
Darren Mercer
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Name: Darren Mercer
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Title: Executive Director
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GLOBAL FINTECH HOLDINGS, LTD.
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By:
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/s/
Darren Mercer
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Name: Darren Mercer
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Title: Director
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By:
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/s/
Darren Mercer
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Darren Mercer
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By:
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/s/
Mark Hanson
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Mark Hanson
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EXHIBIT INDEX
Exhibit
No.
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Description
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(a)(1)(A)
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Offer
to Purchase, dated February 5, 2019.
*
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(a)(1)(B)
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Letter
of Transmittal.
*
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(a)(1)(C)
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Letter
to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.
*
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(a)(1)(D)
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Letter
to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.
*
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(a)(1)(E)
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Joint
Press release issued by Purchaser and MICT on July 2, 2018 (incorporated by reference to exhibit 99.2 to the Form 8-K filed
by MICT on July 2, 2018).
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(a)(1)(F)
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Joint
Press release issued by Purchaser and MICT on December 20, 2018 (incorporated by reference to exhibit 99.1 to the Form 8-K
filed by MICT on December 21, 2018).
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(a)(1)(G)
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Press
release issued by Purchaser on February 5, 2019.
*
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(a)(1)(H)
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Press
release issued by Purchaser regarding extension of the Offer on March 13, 2019.
*
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(a)(1)(I)
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Press release
issued by Purchaser regarding extension of the Offer on April 8, 2019.*
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(a)(1)(J)
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Press release issued by Purchaser regarding extension of
the Offer on April 29, 2019.
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(b)
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None.
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(d)(1)
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Acquisition
Agreement, dated December 19, 2018, by and among MICT, Purchaser, Global Fintech Holdings Ltd., Brookfield Interactive (Hong
Kong) Limited, ParagonEx LTD and the other parties thereto (incorporated by reference to exhibit 2.1 to the Form 8-K filed
by MICT on December 21, 2018).
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(d)(2)
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Form
of Voting Agreement (incorporated by reference to exhibit 10.1 to the Form 8-K filed by MICT on December 21, 2018).
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(g)
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None.
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(h)
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None.
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* Previously filed
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