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Triple-S Management Corporation Announces Full Exercise of Underwriters' Over-Allotment Option

SAN JUAN, Puerto Rico, Dec. 14 /PRNewswire-FirstCall/ -- Triple-S Management Corporation (NYSE: GTS) today announced that the underwriters of its initial public offering had exercised in full their over-allotment option to purchase an additional 2,100,000 shares of its Class B common stock (286,809 shares of which are being offered by Triple-S and 1,813,191 shares of which are being offered by certain selling stockholders) at the initial public offering price of $14.50 per share.

Credit Suisse Securities (USA) LLC and UBS Investment Bank served as joint book-running managers for the offering, with CIBC World Markets Corp., Citigroup Global Markets Inc., Popular Securities, Inc. and Santander Securities Corporation acting as co-managers.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy the shares of common stock or any other securities, nor will there be any sale of the shares of common stock or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. Any offer, if at all, will be made only by means of a prospectus forming a part of the effective registration statement.

Copies of the final prospectus relating to the offering may be obtained by contacting Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, telephone: 1-800-221-1037 or UBS Investment Bank, Prospectus Department, 299 Park Avenue, New York, NY 10171, telephone 1-212-821-3884.

About Triple-S

Triple-S Management Corporation is an independent licensee of the Blue Cross Blue Shield Association. It is the largest managed care company in Puerto Rico, serving approximately one million members across all regions. Triple-S offers a broad portfolio of managed care and related products in the commercial, Medicare and Reform (similar to Medicaid) markets. In addition to its managed care business, Triple-S provides life and property and casualty insurance in Puerto Rico. For more information on Triple-S, please visit the Company's Web site at

SOURCE Triple-S Management Corporation
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