Trans-Lux Corporation Announces Extension of Notes and Debentures Purchase Offers

NEW YORK, June 28, 2016 /PRNewswire/ -- Trans-Lux Corporation (OTCQB: TNLX) ("Trans-Lux") announced today that it has extended the expiration date of its offers to purchase all of its outstanding 8¼% Limited Convertible Senior Subordinated Notes due 2012 (the "Notes") and 9½% Subordinated Debentures due 2012 (the "Debentures") for cash at a purchase price of $0.20 for each dollar of principal of each Note and Debenture outstanding, without interest thereon and less any required withholding taxes.

The purchase offers, which were originally scheduled to expire at 12:00 Midnight, Eastern Time, on June 28, 2016, will now expire at 12:00 Midnight, Eastern Time, on July 15, 2016, unless further extended. Except for the extension of the expiration date, all other terms of the purchase offers remain as set forth in the offer letters and related letters of transmittal (the "Offers"). The purchase offers are being extended to provide additional time for remaining Notes and Debentures to be purchased.

Holders of Notes and/or Debentures who already have tendered their Notes and/or Debentures and do not wish to withdraw them do not need to take any further action. If you wish to tender your outstanding Notes and/or Debentures, you must follow the procedures set forth in the Offers sent by Trans-Lux on May 27, 2016.  For further information, please contact Georgeson S.r.l., the Information Agent for the Offers, or consult your broker, dealer, commercial bank or trust company for assistance.  Georgeson S.r.l.'s telephone number is +39 06 42171 777 and email is [email protected].  If your Notes and/or Debentures are held by a broker, dealer, commercial bank, trust company or other nominee, you must contact the nominee if you desire to tender your Notes and/or Debentures.

This press release does not constitute the Offers to purchase your Notes and/or Debentures. The full terms of the Offers are described in the Offers sent by Trans-Lux on May 27, 2016.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are not based on historical facts and are not assurances of future results.  No assurance can be given that the transactions described herein will be consummated or as to the ultimate terms of any such transactions. All forward-looking statements are expressly qualified in their entirety by this cautionary statement, and you should not place reliance on any forward-looking statement contained in this press release. Trans-Lux undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.

Contact:
Robert J. Conologue
Chief Financial Officer
[email protected]
212-897-2228

SOURCE Trans-Lux Corporation

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