Henderson Alternative Strat Tst PLC Result of Tender Offer (2263V)

TIDMHAST

RNS Number : 2263V

Henderson Alternative Strat Tst PLC

26 January 2017

HENDERSON INVESTMENT FUNDS LIMITED

HENDERSON ALTERNATIVE STRATEGIES TRUST PLC

26 JANUARY 2017

HENDERSON ALTERNATIVE STRATEGIES TRUST PLC

Result of Tender Offer

The Board of Directors of the Company announced on 28 December 2016 a tender offer for up to 10 per cent. of the Company's shares in issue (the "Tender Offer"), details of which were contained in a circular sent to shareholders on 28 December 2016 (the "Circular").

The Board announces that the Tender Offer was over-subscribed with 78.87 per cent. of the Company's issued share capital being validly tendered. As a result, the Basic Entitlement of all Shareholders who have validly tendered their Shares will be accepted in full and excess tenders will be satisfied to the extent of approximately 1.27 per cent. of the excess Shares tendered.

The fair value cum income net asset value per Share as at the Calculation Date was 321.39 pence per Share. Accordingly, the Tender Price, which has been calculated in accordance with the Circular is 301.3756 pence per Share.

A total of 4,297,626 Shares will be repurchased by the Company under the Tender Offer and cancelled. Following the implementation of the Tender Offer the Company will have 38,678,638 Shares in issue.

It is expected that CREST accounts will be credited with proceeds in respect of successfully tendered Shares and with unsold uncertificated Shares on 30 January 2017. Cheques and balancing certificates in respect of unsold certificated Shares will be dispatched no later than the week commencing 6 February 2017.

Terms used in this announcement shall, unless the context otherwise requires, have the same meaning given to them in the Circular.

For further information, please contact:

 
 Stifel                          James de Sausmarez 
  Neil Winward/Mark Bloomfield    Director and Head of Investment 
  Corporate Brokers               Trusts 
  Telephone: [phone]        Henderson Investment Funds 
                                  Limited 
                                  Telephone: [phone] 
 Ian Barrass                                Sarah Gibbons-Cook 
  Fund Manager                               Investor Relations and 
  Henderson Alternative                      PR Manager 
  Strategies Trust plc                       Henderson Investment Funds 
  Telephone: [phone]                   Limited 
                                             Telephone: [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 26, 2017 08:00 ET (13:00 GMT)