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Independent Bank Group files shelf following deal-related offering

McKinney, Texas-based Independent Bank Group Inc. filed a shelf registration statement for the sale of 400,000 common shares from time to time on behalf of selling shareholders.

The proposed maximum offering price per unit is $62.40, and the proposed maximum aggregate offering price is about $25.0 million, estimated solely for the purpose of calculating the registration fee.

In November, Independent Bank Group sold 400,000 common shares to certain investors for about $20.0 million in aggregate net proceeds, to increase the company's consolidated capital, as well as unit Independent Bank’s capital, ahead of the acquisition of Fort Worth, Texas-based Carlile Bancshares Inc. This registration statement comes as part of the securities purchase agreements signed with those investors.

According to the shelf filing, the shareholders able to sell the largest number of shares in an offering include T. Rowe Price Small-Cap Value Fund Inc., Mendon Capital Master Fund Ltd. and Bay Pond Partners LP, whose portions were 110,382 shares, 62,110 shares, and 62,900 shares, respectively.

The company will not receive any proceeds from any sale of the shares by the selling shareholders.