Results of Tender offer
14/07/2022 09:16
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RNS Number : 4762S Alpha Real Trust Limited 14 July 2022
14 July 2022
LEI: 213800BMY95CP6CYXK69
This announcement contains inside information for the purposes of the Article
7 of the Market Abuse Regulation (EU) 596/2014 (including as it forms part of
the laws of the United Kingdom by virtue of the European Union (Withdrawal)
Act 2018, as amended from time to time). Upon the publication of this
announcement via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
ALPHA REAL TRUST LIMITED ("ART" 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 29 June 2022, which closed at
3.00 p.m. on 13 July 2022. The Tender Price was 175 pence per Ordinary Share.
In total, 5,419,016 Ordinary Shares were validly tendered under the Tender
Offer, representing approximately 8.74 per cent. of the Company's Voting
Shares in issue as at 27 June 2022 (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 15 July
2022.
The 5,419,016 Ordinary Shares tendered under the Tender Offer will be
repurchased by the Company and held in treasury.
The ordinary share capital of the Company following the purchase will be
64,283,530 (including 7,717,581 Ordinary Shares held in treasury). The total
voting rights in the Company following the purchase will be 56,565,949.
The figure of 56,565,949 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 29 June 2022.
For further information please contact:
Alpha Real Trust Limited
William Simpson, 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
Atholl Tweedie +44 (0) 20 7886 2500
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