TCC Trenchant Capital Corp

0.29

0.00 (0.00%)

19 Dec 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type
Trenchant Capital Corp	CSE:TCC	CSE	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	0.29	0.22	0.30				0	00:00:00

Tender Offer

14/08/2003 4:12pm

UK Regulatory

RNS Number:6894O
Trace Group PLC
14 August 2003





                                Trace Group plc

                        ("Trace Group" or the "Company")

The Board of Trace Group has noted the tender offer announced today by John East
& Partners Limited on behalf of Stephen Austen (who is deemed to be acting in
concert with Simon Sanders) to acquire 3.4 million ordinary shares of 5p each,
representing 22.39% of the issued share capital of Trace Group, at 55p per
share.


The Board of Trace Group considers that the tender offer price of 55p per share
considerably undervalues the Company and represents its net asset value
including cash balances without ascribing any value to the business and its
potential.


The Company expects to announce its preliminary results for the year ended 31
May 2003 in early September.



14 August 2003



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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