IN BRIEF: Camellia launches tender offer worth up to GBP19 million
19th May 2025 12:51
Camellia PLC - holding company for agriculture businesses in Bangladesh, Brazil, India, Kenya, Malawi, South Africa and Tanzania, growing tea, avocado, macadamias and other produce - Calls general meeting for June 5 for shareholders to approve a tender offer for shares representing 12.8% of the total. Camellia proposes to return up to GBP18.9 million to shareholders by repurchasing up to 350,000 shares at a fixed tender price of GBP54.00, a premium to the current market price. The Camellia Foundation, the company's majority shareholder at 52%, will vote in favour of the tender offer but will not take part. The tender offer will be run by broker Panmure Liberum Ltd. Read More