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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Henderson Alternative Strategies Trust Plc | LSE:HAST | London | Ordinary Share | GB0001216000 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 272.00 | 272.00 | 276.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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: 020 7710 7600 Henderson Investment Funds Limited Telephone: 020 7181 3349 Ian Barrass Sarah Gibbons-Cook Fund Manager Investor Relations and Henderson Alternative PR Manager Strategies Trust plc Henderson Investment Funds Telephone: 020 7818 2964 Limited Telephone: 020 7818 3198
This information is provided by RNS
The company news service from the London Stock Exchange
END
RTEUNRURBKAAUAR
(END) Dow Jones Newswires
January 26, 2017 08:00 ET (13:00 GMT)
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