Mithras Investment Trust PLC Seventh Tender Offer (7839P)

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RNS Number : 7839P

Mithras Investment Trust PLC

04 September 2017

4 September 2017

Mithras Investment Trust plc ("the Company")

Seventh Tender Offer

The Company has today published a circular (the "Circular") to Shareholders setting out details of the Seventh Tender Offer to purchase up to 39.5 per cent. of the Shares in issue as part of the Company's Realisation Strategy. Shareholders (other than certain Overseas Shareholders) on the Register on the Record Date (being 6:00pm on Wednesday, 27 September 2017) will be able to tender none, some or all of their Shares within the limit of the Seventh Tender Offer.

Tenders in excess of a Shareholder's Basic Entitlement will only be accepted to the extent that other Shareholders tender less than their Basic Entitlement and will be satisfied on a pro rata basis to the number of Shares tendered. The Tender Price is 223.7352 pence. This is equal to approximately 98.8% of the unaudited NAV per Share as at close of business on 30 June 2017.

Expected Timetable:

 
                                                            2017 
 Closing Date - latest time and 
  date for receipt of Tender Forms       3:00 p.m. on Wednesday, 
  and settlement of TTE Instruction(s)              27 September 
 
 Record Date for Seventh Tender          6:00 p.m. on Wednesday, 
  Offer                                             27 September 
 
 Latest time and date for receipt 
  of Proxy Forms for                     9:30 a.m. on Wednesday, 
  the General Meeting                               27 September 
 
                                              9.30 am on Friday, 
 General Meeting                                    29 September 
 
 Result of Seventh Tender Offer 
  announced by close of business 
  on                                        Friday, 29 September 
 
 Completion of purchase of Shares 
  under the Seventh 
  Tender Offer                                 Monday, 2 October 
 
 CREST accounts credited with Seventh 
  Tender Offer consideration                by Friday, 6 October 
 
 CREST Shares returned in respect 
  of unsold tendered shares                 by Friday, 6 October 
 
 Despatch of cheques for Seventh 
  Tender Offer, consideration in 
  respect of certificated Shares 
  sold under the Seventh Tender 
  Offer                                     by Friday, 6 October 
 
 Balance certificates issued in 
  respect of unsold tendered shares         by Friday, 6 October 
--------------------------------------  ------------------------ 
 

Terms used and not defined in this announcement bear the meaning given to them in the Circular dated 4 September 2017.

A copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM

Enquires

Bernie Boylan

Mithras Capital Partners LLP

Tel: [phone]

Joe Winkley / Neil Langford

Winterflood Investment Trusts

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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September 04, 2017 12:15 ET (16:15 GMT)