8th Apr 2019 12:12
LONDON (Alliance News) - Property firm Safeland PLC is launching a tender offer ahead of a departure from London's AIM, it said on Monday.
Safeland will offer 42.5 pence per share for up to 3.0 million of its shares, meaning it will cost the company up to GBP1.3 million. The stock was 2.9% higher Monday at 43.75p.
The company has 14.8 million shares in issue.
Shareholders will vote on both the tender offer and the cancellation on May 1.