16th Sep 2025 10:59
(Alliance News) - Strategic Equity Capital PLC on Monday opened a tender offer allowing shareholders to realise up to 100% of their holdings.
The London-based alternative equity trust committed to full realisation opportunities through a series of proposals shared in 2022.
Strategic Equity added on Monday that the tender offer would be carried out via a realisation pool mechanism. The board has recommended shareholders approve buybacks in a vote on October 8, and they can then elect to tender some or all of their shares.
Strategic Equity noted that neither its directors nor Gresham House Asset Management, which oversees the fund, intend to tender their shares, but made no specific recommendation to its stockholders.
Realising the tender pool assets "may take more than twelve months to complete, although the majority of the tender pool is expected to be realised much sooner" the board said.
"This is a result of the concentration of the company's investment portfolio in the shares of smaller listed companies where it is taking larger, less liquid equity stakes to support the investment manager's approach of strategic active engagement," the firm added.
"At this stage, the directors do not know for certain how many repurchases will occur under the tender offer as it will depend on the timing of the realisation process which, in turn, will depend upon market conditions and the size of the tender pool. "
Strategic Equity said it will ensure no realisation costs fall on continuing shareholders.
The offer is due to close on October 13, with the results announcement scheduled for October 15.
The firm's shares were up 0.3% at 383.21 pence on Tuesday morning in London.
By Holly Munks, Alliance News reporter
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