Alpha Real Trust Limited Result of Tender Offer (9880R)
September 27 2017 - 6:51AM
UK Regulatory
TIDMARTL
RNS Number : 9880R
Alpha Real Trust Limited
27 September 2017
27 September 2017
Alpha Real Trust Limited ("ARTL" or the "Company")
Results of Tender offer
The Board of the Company today announces the results of the
tender offer set out in the circular published by the Company on 1
September 2017, which closed at 3.00 p.m. on 26 September 2017. The
Tender Price was 123.1 pence per Ordinary Share.
In total, 826,311 Ordinary Shares were validly tendered under
the Tender Offer, representing approximately 1.2 per cent. of the
Company's Voting Shares in issue as at 25 September 2017 (excluding
Ordinary Shares held in treasury), including any Ordinary Shares
validly tendered in excess of the Basic Entitlement. All valid
tenders will be satisfied in full.
It is expected that cheques will be despatched and CREST
accounts will be credited with proceeds in respect of successfully
tendered shares from 2 October 2017.
The 826,311 Ordinary Shares tendered under the Tender Offer will
be repurchased by the Company and cancelled together with 91,812
Ordinary Shares currently held in treasury which are being
cancelled following the purchase to ensure that the Company holds
no more than 10 per cent. of its share capital in treasury pursuant
to Guernsey law. Following the cancellation, the Company will hold
6,702,586 of its Ordinary Shares in treasury and will have
68,496,906 Ordinary Shares in issue (excluding Ordinary Shares held
in treasury).
The above figure of 68,496,906 may be used by Shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure and
Transparency Rules.
Capitalised terms and expressions have the same meanings as
those attributed to them in the Company's Circular dated 1
September 2017.
For further information please contact:
Alpha Real Trust Limited
David Jeffreys, Chairman, Alpha Real Trust +44 (0) 1481 231 100
Brad Bauman, Joint Fund Manager, Alpha Real Trust +44 (0) 20 7391 4700
Panmure Gordon, Broker to the Company
Richard Gray / Andrew Potts / Atholl Tweedie +44 (0) 20 7886 2500
Registered office: Old Bank Chambers, La Grande Rue, St
Martin's, Guernsey, GY4 6RT
Alpha Real Trust Limited is advised by Alpha Real Capital LLP,
which is authorised and regulated by the Financial Conduct
Authority in the United Kingdom.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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