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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Quayle Munro | LSE:QYM | London | Ordinary Share | GB0002996717 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 590.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMQYM
RNS Number : 9654K
Quayle Munro Holdings PLC
05 August 2013
FOR IMMEDIATE RELEASE
The distribution of this Announcement in jurisdictions other than the United Kingdom may be restricted by the laws of those jurisdictions and therefore persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. In particular, subject to certain exceptions, this Announcement may not be distributed into or within the United States, Canada, Australia, Japan, the Republic of Ireland, South Africa or any other Restricted Jurisdiction. Any failure to comply with the applicable restrictions may constitute a violation of the securities laws of any such jurisdiction.
Quayle Munro Holdings PLC
(the "Company")
Result of Tender Offer
The Company announces the result of the Tender Offer set out in its circular to Shareholders dated 12 July 2013 (the "Circular"), which closed on 2 August 2013 following Shareholder approval at the General Meeting of the Company held on 1 August 2013.
573,112 Ordinary Shares were validly tendered under the Tender Offer. All valid tenders will be satisfied in full pursuant to the terms and conditions set out in the Circular. Accordingly, 573,112 Ordinary Shares will be purchased at a price of 563 pence per Ordinary Share, resulting in a total aggregate consideration of approximately GBP3.2 million payable to tendering Shareholders.
As set out in the Circular, the Ordinary Shares in respect of which tenders have been accepted will be purchased by N+1 Singer pursuant to the Tender Offer and the Company will repurchase such tendered Ordinary Shares from N+1 Singer in accordance with the terms of the Repurchase Agreement entered into between the Company and N+1 Singer on 12 July 2013.
The repurchase of Ordinary Shares by the Company from N+1 Singer is expected to occur on 7 August 2013 (and will be initially held in treasury) and the Company will make a further announcement upon the completion of such purchase to notify Shareholders of the Company's total voting rights for the purpose of determining whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
The timetable for settlement of the Tender Offer consideration is expected to be as follows:
Payment through CREST made in respect 7 August 2013 of Ordinary Shares held in uncertificated form successfully tendered in the Tender Offer Cheques despatched in respect of Shares 14 August 2013 held in certificated form successfully tendered
Capitalised terms in this announcement have the same meaning as in the Circular except where otherwise indicated.
Ends
Enquiries:
Quayle Munro Holdings PLC Andrew Walls, Company Secretary +44 (0) 20 7907 4268 N+1 Singer (Nominated Adviser) +44 (0) 20 7496 3000 Sandy Fraser Jonny Franklin-Adams Alex Wright
This information is provided by RNS
The company news service from the London Stock Exchange
END
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