Henderson rises on tender offer plans

published 14 November 2011

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.