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.
The tender price will be equal to 95% of the latest published unaudited net asset value per share as at 30 November as calculated by the company.
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The share price rose 10.4% to 307p by 15:45.
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