Triple-S Management Announces 5.4M Share Offering of Class B Common Stock, Up to $30M Share Buyback

Triple-S Management Corporation ("Triple-S" or the "Company") GTS today announced that certain selling shareholders intend to commence a public secondary offering of 5,400,368 shares of the Company's Class B common stock (the "Offering").  Triple-S will not receive any proceeds from the Offering.  The selling shareholders include certain holders of Class A common stock who have elected to convert shares of Class A common stock into shares of Class B common stock in connection with the Offering.  The Company may purchase up to $30 million of Class B common stock as a purchaser in the Offering. Credit Suisse Securities (USA) LLC and Wells Fargo Securities, LLC are acting as joint book-running managers, with Stifel, Nicolaus & Company, Incorporated and Oriental Wealth Management acting as co-managers for the Offering.  The underwriters will have a 30-day option to purchase up to an additional 810,055 shares of Class B common stock from the selling shareholders to cover overallotments, if any.  The Company will not receive any proceeds from the exercise of the underwriters' option to purchase additional shares.  The Offering is being made only by means of a prospectus supplement and an accompanying prospectus filed See full press release