Henderson Alternative Strat Tst PLC Result of Tender Offer (2263V)
January 26 2017 - 8:00AM
UK Regulatory
TIDMHAST
RNS Number : 2263V
Henderson Alternative Strat Tst PLC
26 January 2017
HENDERSON INVESTMENT FUNDS LIMITED
HENDERSON ALTERNATIVE STRATEGIES TRUST PLC
26 JANUARY 2017
HENDERSON ALTERNATIVE STRATEGIES TRUST PLC
Result of Tender Offer
The Board of Directors of the Company announced on 28 December
2016 a tender offer for up to 10 per cent. of the Company's shares
in issue (the "Tender Offer"), details of which were contained in a
circular sent to shareholders on 28 December 2016 (the
"Circular").
The Board announces that the Tender Offer was over-subscribed
with 78.87 per cent. of the Company's issued share capital being
validly tendered. As a result, the Basic Entitlement of all
Shareholders who have validly tendered their Shares will be
accepted in full and excess tenders will be satisfied to the extent
of approximately 1.27 per cent. of the excess Shares tendered.
The fair value cum income net asset value per Share as at the
Calculation Date was 321.39 pence per Share. Accordingly, the
Tender Price, which has been calculated in accordance with the
Circular is 301.3756 pence per Share.
A total of 4,297,626 Shares will be repurchased by the Company
under the Tender Offer and cancelled. Following the implementation
of the Tender Offer the Company will have 38,678,638 Shares in
issue.
It is expected that CREST accounts will be credited with
proceeds in respect of successfully tendered Shares and with unsold
uncertificated Shares on 30 January 2017. Cheques and balancing
certificates in respect of unsold certificated Shares will be
dispatched no later than the week commencing 6 February 2017.
Terms used in this announcement shall, unless the context
otherwise requires, have the same meaning given to them in the
Circular.
For further information, please contact:
Stifel James de Sausmarez
Neil Winward/Mark Bloomfield Director and Head of Investment
Corporate Brokers Trusts
Telephone: 020 7710 7600 Henderson Investment Funds
Limited
Telephone: 020 7181 3349
Ian Barrass Sarah Gibbons-Cook
Fund Manager Investor Relations and
Henderson Alternative PR Manager
Strategies Trust plc Henderson Investment Funds
Telephone: 020 7818 2964 Limited
Telephone: 020 7818 3198
This information is provided by RNS
The company news service from the London Stock Exchange
END
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