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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Best Of The Best Plc | LSE:BOTB | London | Ordinary Share | GB00B16S3505 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 530.00 | 525.00 | 535.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBOTB
RNS Number : 4842Q
Best of the Best PLC
19 February 2019
Best of the Best plc
("Best of the Best", "BOTB", "the Company" or "the Group")
Result of Tender Offer
Best of the Best plc runs competitions online to win cars and other prizes.
The Company is pleased to announce that pursuant to the Tender Offer which closed in accordance with its published timetable at 5:00 p.m. on 18 February 2019, valid tenders have been received for 4,038,145 Ordinary Shares representing approximately 5.6 times the Ordinary Shares subject to the Tender Offer.
In accordance with the terms of the Tender Offer, Shareholders are entitled to sell up to 1 Ordinary Share for every 14 Ordinary Shares held (up to approximately 7.1 per cent. of their shareholding) (the "Pro Rata Entitlement"). Shareholders who tender to sell less than or equal to their Pro Rata Entitlement will have their tender satisfied in full. Shareholders are entitled to tender more than their Pro Rata Entitlement to the extent that other Shareholders tender less than their Pro Rata Entitlement. If the number of Ordinary Shares validly tendered exceeds 721,327 Ordinary Shares and if and to the extent that any Shareholders have tendered less than their Pro Rata Entitlement, surplus tenders will be accepted in proportion to the number of additional Ordinary Shares tendered so that the number of Ordinary Shares purchased pursuant to the Tender Offer does not exceed 721,327 Ordinary Shares. Accordingly, Shareholders who tendered more than their Pro Rata Entitlement will have their Pro Rata Entitlement satisfied in full and any Ordinary Shares tendered above their Pro Rata Entitlement will be scaled down (to the nearest whole number of Ordinary Shares) by a factor of approximately 0.00430630.
finnCap will purchase the maximum number of Ordinary Shares available under the terms of the Tender Offer, being in aggregate 721,327 Ordinary Shares at 485 pence per Ordinary Share, for a total consideration of GBP3,498,435.95.
The posting of cheques in respect of certificated Ordinary Shares purchased pursuant to the Tender Offer and the crediting of CREST accounts for uncertificated Ordinary Shares purchased pursuant to the Tender Offer are expected to occur on 1 March 2019.
The crediting of CREST accounts with uncertificated Shares unsuccessfully tendered and the dispatch of balance share certificates for unsold certificated Ordinary Shares and the return of share certificates for unsuccessful tenders of certificated Shares are also expected to occur by 1 March 2019.
Terms used in this announcement shall have the meaning ascribed to them in the circular sent to Shareholders on 30 January 2019 unless otherwise stated.
Enquiries:
Best of the Best plc William Hindmarch, Chief T: 020 7371 Executive 8866 Rupert Garton, Commercial Director KTZ Communications Katie Tzouliadis T: 020 3178 6378 finnCap Corporate Finance T: 020 7220 (Nominated Adviser and Carl Holmes 0500 Broker) Anthony Adams ECM Alice Lane
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014 Please visit www.botb.com for further information
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
RTELLFIIFAIALIA
(END) Dow Jones Newswires
February 19, 2019 06:00 ET (11:00 GMT)
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