Business
Tender Offer
Tender Offer.
About this update from Anpario Plc
[{"type":"text","content":"\n\n \n2 June 2023\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION\n \nAnpario PLC\n(\"Anpario\", the \"Company\" or the \"Group\")\n \nProposed Tender Offer of up to 4,000,000 Ordinary Shares at 225 pence per Ordinary Share\n \nAnpario PLC (AIM: ANP), announces that it is proposing to return up to £9 million to Shareholders by a Tender Offer pursuant to which Qualifying Shareholders are invited to tender some or all of their Ordinary Shares at the Tender Price of 225 pence per Ordinary Share (the \"Tender Price\"). The Tender Offer is for a maximum of 4,000,000 Ordinary Shares. The Tender Price represents a premium of approximately 16 per cent. to the closing price of 194 pence per Ordinary Share on the Latest Practicable Date.\n \nQualifying Shareholders are not required to tender any or all of their Ordinary Shares if they do not wish to do so. Qualifying Shareholders who participate in the Tender Offer have a Guaranteed Entitlement to tender approximately 16.6 per cent. of the Ordinary Shares held by them at the Record Date, rounded down to the nearest whole number.\n \nThe Company expects to post a circular to shareholders (the \"Circular\") later today to provide information about the background to, and reasons for, the Tender Offer and why the Board considers that the Tender Offer is in the best interests of the Shareholders as a whole and why the Board unanimously recommends that you vote in favour of the Resolution to be proposed at the General Meeting.\n \nThe implementation of the Tender Offer requires Shareholder approval by way of a special resolution. The Resolution will be proposed at the General Meeting of the Company to be held at the offices of DLA Piper UK LLP at 160 Aldersgate Street, London, EC1A 4HT on 19 June 2023 at 11:00 a.m. (the \"General Meeting\").\n \nThe Circular also contains further details on the procedure that should be followed by those Qualifying Shareholders wishing to participate in the Tender Offer (with different procedures depending on whether the Ordinary Shares are held in CREST or in certificated form).\n \nA copy of the Circular will be publishe...