5th Aug 2019 12:36
(Alliance News) - Chenavari Toro Income Fund Ltd on Monday said 9.3 million shares were entered under its tender offer, equivalent to 2.9% of its issued share capital.
The tender price was EUR0.8520 per share, meaning the total tender offer was worth EUR8.0 million.
The company invests and trades in public and private asset backed securities as well as direct origination. At its extraordinary general meeting on Friday last week, shareholders authorised the tender offer purchases with 148.4 million votes in favour and 3.1 million against.
Shares in Chenavari Toro Income were untraded at EUR0.78 on Monday in London.
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Chenavari Toro