5th Dec 2023 10:02
European Opportunities Trust PLC - managed by Devon Equity Management Ltd and investing in European companies offering capital growth - Arranges for Singer Capital Markets Securities Ltd to conduct a tender offer for up to 25%, or 24.1 million, of its shares, which was first announced in November. The price will be at the prevailing net asset value at the time of repurchase, adjusted for costs associated with the tender offer, minus 2%. The offer runs until January 31. Last month, European Opportunities Trust said it aims to reduce discount volatility, aiming for a discount in single digits in normal market conditions.
Current stock price: 849.00 pence, up 1.0%
12-month change: up 14%
By Sabrina Penty, Alliance News reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.