SAN JUAN, Puerto Rico, May 13, 2013 /PRNewswire/ -- Triple-S Management Corporation ("Triple-S" or the "Company") (NYSE: 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 as part of an effective shelf registration statement filed with the Securities and Exchange Commission on Form S-3. Copies of the prospectus supplement and the accompanying prospectus relating to the Offering, when available, may be obtained from Credit Suisse Securities ( USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, by telephone at +1 (800) 221-1037 or by email at firstname.lastname@example.org. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.