Baring Emerging Europe PLC's Equity Buyback announced on December 15, 2016, has closed with 1,585,858 shares, representing 10% of the issued share capital for £12.44 million.
January 20, 2017 at 12:00 am
The company closed its plan on January 20, 2017. A total of 7,571,053 shares were validly tendered under the offer.
On January 25, 2017, the company announced the offer price per share to be 784.18 pence per share, being 97.5% of the net asset value as of the calculation date.
On January 27, 2917, the company announced that it has accepted for repurchase 1,585,858 shares, representing approximately 10% of the issued share capital excluding any shares held in treasury. Repurchased shares will be cancelled.
J.P. Morgan Cazenove acted as the broker to the company.