Mithras Investment Trust PLC Sixth Tender Offer (4343D)
April 26 2017 - 9:21AM
UK Regulatory
TIDMMTH
RNS Number : 4343D
Mithras Investment Trust PLC
26 April 2017
MITHRAS INVESTMENT TRUST PLC (the "Company")
Sixth Tender Offer
At a General Meeting of the Company held today, the special
resolution authorising the Company to buy back up to 4,197,302
Shares in connection with its Sixth Tender Offer was passed.
A total of 14,228,143 Shares were validly tendered under the
Sixth Tender Offer. As a result, the Basic Entitlement of all
Shareholders, who validly tendered their Shares, will be accepted
in full and excess tenders will be satisfied to the extent of
approximately 4.27910488082 per cent. of the excess shares
tendered.
4,197,302 Shares will be repurchased by the Company under the
Sixth Tender Offer and cancelled. This equates to 29.5% of the
Company's Shares in issue at close of business on Monday, 24 April
2017 resulting in a total cost to the Company of approximately
GBP9.2 million. Following the Sixth Tender Offer, the Company will
have 10,030,841 Shares in issue.
It is expected that cheques will be despatched and CREST
payments made by Friday, 5 May 2017 to those Shareholders who
validly tendered their Shares.
Terms used in this announcement shall, unless the context
otherwise requires, have the same meaning given to them in the
Circular dated 3 April 2017.
A copy of this resolution has been submitted to the National
Storage Mechanism and will shortly be available for inspection at:
www.hemscott.com/nsm.do.
For further information, please contact:
Bernie Boylan
Mithras Capital Partners LLP
Tel: 020 7872 5651
Joe Winkley / Neil Langford
Winterflood Investment Trusts
Tel: 020 3100 0301
26 APRIL 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
TENPGUUPCUPMGWQ
(END) Dow Jones Newswires
April 26, 2017 09:21 ET (13:21 GMT)
Mithras Inv.Tst (LSE:MTH)
Historical Stock Chart
From Apr 2024 to May 2024
Mithras Inv.Tst (LSE:MTH)
Historical Stock Chart
From May 2023 to May 2024