29th Sep 2020 14:42
(Alliance News) - Raven Property Group Ltd on Tuesday said that a total of 25.4 million shares have been repurchased in a tender offer.
The property investment company focused on commercial real estate said tenders for up to and including the tender offer entitlement of one share for every 16 shares at 36 pence per share will be met in full.
Raven Property said this will will result in the payment of approximately GBP9.1 million by the company.
Raven Property was down 38% in 2020 to date, last trading at 30.30 pence each in London. The company last traded at ZAR9.50 in Johannesburg.
By Greg Roxburgh; [email protected]
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