IN BRIEF: Baillie Gifford Shin Nippon proposes 15% tender offer
9th Dec 2025 12:54
Baillie Gifford Shin Nippon PLC - investment trust focused on Japanese small-cap companies - Proposes a tender offer of up to 15% of its shares in the first quarter of next year. The price will be at net asset value per share, less the costs of the tender offer and a 2% discount. This will replace the company's current performance-triggered tender offer that runs to January 31, 2027. The board also proposes to put in place a new performance-triggered tender offer for up to 100% of its shares if NAV total return doesn't keep pace with the MSCI Japan small cap index in sterling terms over the five-year period from the end of 2025 to the end of 2030. It also will put a one-off continuation vote to shareholders in 2028. Read More