24th Apr 2020 16:54
(Alliance News) - Polar Capital Global Financials Trust on Friday priced a tender offer, which will see it purchase GBP80.8 million worth of shares.
The tender offer was approved at a general meeting earlier in April. It will see 79.2 million shares being purchased, at a price, announced on Friday, of 102.02 pence per share.
The tender offer price was Polar Capital Global's net asset value per share on Wednesday.
Shares in the company closed 0.4% lower at 96.00p each in London on Friday.
By Eric Cunha; [email protected]
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