8th Jan 2015 18:32
LONDON (Alliance News) - Airea PLC Thursday said 2.8 million shares were validly tendered under its tender offer.
On December 3, Airea had said it would seek to purchase up to 10 million shares, representing 21.6% of the those in issue, from shareholders.
The result of the tender offer, which closed on Wednesday, means that N+1 Singer will buy the shares and then sell them to the specialist flooring company.
N+1 Singer is Airea's nominated adviser and stockbroker.
The shares are being purchased at 12.25 pence each, for a total value of GBP348,000.
The repurchase from N+1 Singer is expected to take place on Friday.
The shares are to be cancelled.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
AIREA