18th Oct 2021 21:18
Dunedin Enterprise Investment Trust PLC - investor in UK mid-market management buyouts - As part of its wind-down process, has proposed to return up to GBP26 million to its shareholders as part of a tender offer.
The price for the tender offer will be set at a 1.2% discount to the company's net asset value per share as at September 30. The offer is subject to shareholder approval at a general meeting on November 10. Dunedin's board will seek authority to purchase up to 7.0 million, which reflect 39% of its issued share capital.
Current stock price: 487.00 pence
Year-to-date change: up 45%
By Dayo Laniyan; [email protected]
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