PLC () has a launched a tender offer to buy back around 8% of its share capital.
The offer is at fixed price of 51p for 9,677,498 shares or roughly one in 12 of the amount currently in issue.
The tender price is a premium of 10.9% to the market price and a discount of 10.2% discount to the unaudited NAV on 30 April.
Shareholders need to approve a special resolution at the AGM for the tender offer to proceed.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Baker Steel Resources Trust Ltd named herein, including the promotion by the Company of Baker Steel Resources Trust Ltd in any Content on the...
FOR OUR FULL DISCLAIMER CLICK HERE