Alpha Real Trust Limited Result of Tender Offer (5402F)
October 29 2018 - 6:15AM
UK Regulatory
TIDMARTL
RNS Number : 5402F
Alpha Real Trust Limited
29 October 2018
29 October 2018
LEI: 213800BMY95CP6CYXK69
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 5
October 2018, which closed at 3.00 p.m. on 26 October 2018. The
Tender Price was 138 pence per Ordinary Share.
In total, 1,584,564 Ordinary Shares were validly tendered under
the Tender Offer, representing approximately 2.3 per cent. of the
Company's Voting Shares in issue as at 26 October 2018 (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 5 November 2018.
The 1,584,564 Ordinary Shares tendered under the Tender Offer
will be repurchased by the Company. Of the purchased Ordinary
Shares 1,388,193 shares will be cancelled and 196,371 shares will
be held in treasury.
The ordinary share capital of the Company following the purchase
will be 69,089,571 (including 6,908,957 shares held in treasury).
The total voting rights in Alpha Real Trust following the purchase
of the Ordinary Shares will be 66,705,971 (this figure includes
class A shares).
The figure of 66,705,971 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 5 October
2018.
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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
RTEMLBBTMBBTBTP
(END) Dow Jones Newswires
October 29, 2018 07:15 ET (11:15 GMT)
Alpha Real (LSE:ARTL)
Historical Stock Chart
From Apr 2024 to May 2024
Alpha Real (LSE:ARTL)
Historical Stock Chart
From May 2023 to May 2024