20th Apr 2016 16:23
LONDON (Alliance News) - Property investor CLS Holdings PLC on Wednesday said it has received acceptances for its tender offer, which was first announced in March, and said the shares purchased pursuant to the offer will be cancelled.
CLS Holdings in March announced its intentions to purchase one in every 57 shares by way of a tender offer at 1,810 pence per share, resulting in approximately GBP13.4 million being paid by the company to participating shareholders.
Shares in CLS Holdings closed down 2.2% at 1,525.00p on Wednesday.
CLS Holdings said the maximum number of shares it was looking to purchase would be 239,396 and on Wednesday said it had received acceptances for the entirety of the tender offer.
By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland
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