Mithras Investment Trust logo

MTH - Mithras Investment Trust News Story

241p 0.0  0.0%

Last Trade - 11/09/18

Sector
Financials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £3.24m
Position in Universe th / 1807

Mithras Inv.Trst PLC - Seventh Tender Offer

Mon 4th September, 2017 5:15pm
RNS Number : 7839P
Mithras Investment Trust PLC
04 September 2017

4 September 2017

Mithras Investment Trust plc ("the Company")

Seventh Tender Offer

The Company has today published a circular (the "Circular") to Shareholders setting out details of the Seventh Tender Offer to purchase up to 39.5 per cent. of the Shares in issue as part of the Company's Realisation Strategy. Shareholders (other than certain Overseas Shareholders) on the Register on the Record Date (being 6:00pm on Wednesday, 27 September 2017) will be able to tender none, some or all of their Shares within the limit of the Seventh Tender Offer.

Tenders in excess of a Shareholder's Basic Entitlement will only be accepted to the extent that other Shareholders tender less than their Basic Entitlement and will be satisfied on a pro rata basis to the number of Shares tendered. The Tender Price is 223.7352 pence. This is equal to approximately 98.8% of the unaudited NAV per Share as at close of business on 30 June 2017.

Expected Timetable:


2017

Closing Date - latest time and date for receipt of Tender Forms and settlement of TTE Instruction(s)

3:00 p.m. on Wednesday, 27 September



Record Date for Seventh Tender Offer

6:00 p.m. on Wednesday, 27 September



Latest time and date for receipt of Proxy Forms for

the General Meeting

9:30 a.m. on Wednesday, 27 September



General Meeting

9.30 am on Friday, 29 September



Result of Seventh Tender Offer announced by close of business on

Friday, 29 September



Completion of purchase of Shares under the Seventh

Tender Offer

Monday, 2 October



CREST accounts credited with Seventh Tender Offer consideration

by Friday, 6 October



CREST Shares returned in respect of unsold tendered shares

by Friday, 6 October



Despatch of cheques for Seventh Tender Offer, consideration in respect of certificated Shares sold under the Seventh Tender Offer

by Friday, 6 October



Balance certificates issued in respect of unsold tendered shares

by Friday, 6 October

Terms used and not defined in this announcement bear the meaning given to them in the Circular dated 4 September 2017.

A copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM

Enquires

Bernie Boylan

Mithras Capital Partners LLP

Tel: 020 7872 5651

Joe Winkley / Neil Langford

Winterflood Investment Trusts

Tel: 020 3100 0160


This information is provided by RNS
The company news service from the London Stock Exchange
END
CIRLIMFTMBBMBTR
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.