8th Jul 2019 15:10
(Alliance News) - Alpha Real Trust Ltd on Monday said it repurchased shares worth GBP22.9 million in its tender offer that closed in the afternoon on Friday last week.
The investment firm said a total of 13.1 million shares at a price of 175 pence each were validly tendered under the offer, representing 20% of the company's shares in issue as of Monday. All valid tenders will be satisfied in full.
Alpha Real said in intends to repurchase all tendered shares and cancel them. Upon completion, the company will have 54.0 million shares overall.
Alpha Real shares were untraded on Monday in London, last closing at 173.50p each.
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