sctoa0614_genieenergy.htm
 
UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
SCHEDULE TO
(RULE 14d-100)
 
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) or 13(e)(1)
 OF THE SECURITIES EXCHANGE ACT OF 1934
 
GENIE ENERGY LTD.
  (Name of Subject Company (Issuer))
 
GENIE ENERGY LTD.
 (Name of Filing Person (Offeror))
 
Class B Common Stock, par value $0.01 per share
   (Titles of Classes of Securities)

372284208
   (CUSIP Numbers of Classes of Securities)

 
HOWARD JONAS
CHIEF EXECUTIVE OFFICER
  GENIE ENERGY LTD.
550 BROAD STREET
NEWARK, NEW JERSEY 07102
(973) 438-3500
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Filing Person)
 
COPIES TO:
 
DOV T. SCHWELL, ESQ.
 SCHWELL WIMPFHEIMER & ASSOCIATES LLP
1430 BROADWAY, SUITE 1615
NEW YORK, NEW YORK  10018
 (646) 328-0795
 
 
 
 
 
 
CALCULATION OF FILING FEE
 
 
TRANSACTION VALUATION*
    
AMOUNT OF FILING FEE+
  
 
$38,250,000
    
$4,926.60
  

*
  
Estimated for purposes of calculating the amount of the filing fee only. The amount assumes the exchange of 5,000,000 shares of Genie Energy Ltd. (“Genie”) Class B Common Stock, par value $0.01 per share (“Class B Common Stock”), for 5,000,000 shares of Genie Series 2012-A Preferred Stock, par value $0.01 per share (“Preferred Stock”). The amount is estimated based upon the product of (a) $7.65, which is the average of the high and the low price per share of the Preferred Stock on May 21, 2014, the last reported trade before the date of this Offer to Exchange as reported by the NYSE, and (b) 5,000,000, representing the number of shares offered to be exchanged.
     
+
  
The amount of the filing fee, calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, and Fee Advisory # 1 for Fiscal Year 2014, issued August 30, 2013, equals $128.80 per million dollars of the transaction value.
 
x 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: $4,926.60
Filing party: Genie Energy Ltd.
Form or registration No.: Schedule TO
Date filed: May 22, 2014

o 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:
o Third-party tender offer subject to Rule 14d-1.
‏x Issuer tender offer subject to Rule 13e-4.
‏o Going-private transaction subject to Rule 13e-3.
o Amendment to Schedule 13D under Rule 13d-2.
 
Check the following box if the filing is a final amendment reporting the results of the tender offer o
 
 
 
 
 

This Amendment No. 2 (“Amendment No. 2”) amends and supplements the Tender Offer Statement on Schedule TO filed on May 22, 2014 (as amended from time to time, this “Schedule TO”), as amended by Amendment No. 1 to the Schedule TO filed on June 17, 2014 which relates to the offer by Genie Energy Ltd., a Delaware corporation (together with its subsidiaries, “Genie” or the “Issuer”), to exchange (the “Exchange Offer”) one share of its currently outstanding Class B Common Stock, par value $0.01 per share (“Class B Common Stock”), for one share of Genie Series 2012-A Preferred Stock, par value $0.01 per share (“Preferred Stock”), up to 5,000,000 shares in the aggregate.

On June 24, 2014, Genie issued a press release announcing the preliminary results of the Exchange Offer, which expired at 5:00 p.m., New York city time, on June 23, 2014.  A copy of the press release is filed as Exhibit (a)(5)(B) to this Schedule TO and is incorporated by reference.

The information set forth in the Offer to Exchange, including all annexes thereto, is hereby incorporated by reference in response to items 1 through 11 of this Schedule TO, and is supplemented by the information specifically provided herein.

ITEM 12. EXHIBITS.
 
The information incorporated by reference into Item 12(a) of the Schedule TO is hereby amended and supplemented as follows:
 
1. The following is hereby inserted after Exhibit (a)(5)(A):

“(a)(5)(B) Press Release of Genie Energy Ltd., dated June 24, 2014.”

 
 
 
 
 
SIGNATURE
 
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 
GENIE ENERGY LTD.
  
 
By:  
/s/ Howard Jonas
 
Name:  
  
Howard Jonas
 
Title:
  
Chief Executive Officer
 
Date: June 24, 2014
 
 
 
 
 
 

 
EXHIBIT INDEX
 
     
Exhibit No.
  
Description
(a)(5)(B)
 
 
  
Press Release of Genie Energy Ltd., dated June 24, 2014.