Mithras Investment Trust PLC Sixth Tender Offer - replacement (9318D)
02 Mayo 2017 - 8:46AM
UK Regulatory
TIDMMTH
RNS Number : 9318D
Mithras Investment Trust PLC
02 May 2017
MITHRAS INVESTMENT TRUST PLC (the "Company")
Sixth Tender Offer
The following amendment has been made to the 'Sixth Tender
Offer' announcement released on Wednesday, 26 April 2017 at 14:21
under RNS Number 4343D.
The total number of shares validly tendered under the Sixth
Tender Offer was incorrectly disclosed as below:
"A total of 14,228,143 Shares were validly tendered under the
Sixth Tender Offer."
All other details remain unchanged.
The full amended announcement is shown below:
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 10,663,751 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
2 MAY 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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May 02, 2017 09:46 ET (13:46 GMT)
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