Henderson rises on tender offer plans
Henderson, a bankers investment trust, rose more than 10% after announcing that it is planning to purchase up to 17.5% of the shares in issue as part of the company's 'Realisation Strategy'.
Henderson, a bankers investment trust, rose more than 10% after announcing that it is planning to purchase up to 17.5% of the shares in issue as part of the company's 'Realisation Strategy'.
"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," the firm said.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The share price rose 10.4% to 307p by 15:45.
NR
-
Boost for over 100,000 families on Child Benefit as new HMRC payment system rolled outThousands of households will no longer have to pay the dreaded High Income Child Benefit Charge through self-assessment
-
Are you being haunted by the ghost of Christmas past? How festive cutbacks could boost your long-term wealthThe average family spends around £1,000 over the Christmas season. Here’s how much you could have gained if you had invested some of the money instead.
