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NEWS RELEASE
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Contact: Keith B. Cox
Vice President & Treasurer
NASB Financial, Inc.
12498 South 71 Highway
Grandview, MO 64030
Phone (816) 765-2200
FOR IMMEDIATE RELEASE:
Grandview, Missouri (June 5, 2000) - NASB Financial, Inc. (NASDAQ:
NASB) announced today a tender offer for up to 387,500 shares of its
common stock, representing 4.3% of its currently outstanding shares.
Under the terms of the offer, the Company will invite stockholders to
tender their shares at a price of $12.50 per share. The tender offer is
expected to commence on Monday, June 5, 2000, or as soon as possible
thereafter, and will expire at 5:00 p.m. Central Time, July 5, 2000,
unless extended by the Company.
If the offer is over-subscribed, shares will be purchased first
from stockholders owning fewer than 100 shares and tendering all or such
shares and then from all other shares tendered on a pro rata basis. The
Company reserves the right to purchase more than 387,500 shares. The
tender offer will not be conditioned on any minimum number of shares
being tendered.
The Board of Directors of NASB Financial, Inc. is not making any
recommendation to stockholders as to whether they should tender any
shares pursuant to the offer.
Tendering stockholders will not be required to pay brokerage
commissions, solicitation fees, or stock transfer taxes (subject to
special provisions in the Letter of Transmittal) on their shares sold to
the Company in connection with the Offer. The Offer to Purchase and
Letter of Transmittal will be mailed to existing stockholders, or to
their brokers or nominees, on or about June 5, 2000.
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STOCKHOLDERS WILL RECEIVE THE OFFER TO PURCHASE AND RELATED
MATERIALS, WHICH CONTAIN IMPORTANT INFORMATION, INCLUDING VARIOUS TERMS
AND CONDITIONS TO THE OFFER. STOCKHOLDERS ARE URGED TO CAREFULLY READ
THESE MATERIALS PRIOR TO MAKING ANY DECISION WITH RESPECT TO THE OFFER.
Safe Harbor Statement: Except for historical information contained
herein, the matters set forth in this press release are forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and are subject to the safe harbor provisions of that
Act. The forward-looking statements set forth above involve a number of
risks and uncertainties that could cause actual results to differ
materially from any such statement. These risks and uncertainties, and
assumptions concerning the company's future operations and performance,
could prove inaccurate and, therefore, there can be no assurance that
the forward-looking statements will prove to be accurate.
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