San Leon has announced plans return up to $30m to shareholders by way of a tender offer. The tender price of 46 pence ($0.60) per ordinary share represents a premium of 50% on the 19 February closing price. Qualifying shareholders will have a basic entitlement to redeem 10% of their shareholding and may also tender shares in excess of this amount. Any rights of Shareholders who choose not to tender their Ordinary Shares will be unaffected. The offer runs until 1pm on 20 March. In addition to its existing business lines, the company is planning to invest £50m over three years into new products including an online platform for managing property portfolios, which it says would be “revolutionary@@
San Leon has announced plans return up to $30m to shareholders by way of a tender offer. The tender price of 46 pence ($0.60) per ordinary share represents a premium of 50% on the 19 February closing price. Qualifying shareholders will have a basic entitlement to redeem 10% of their shareholding and may also tender shares in excess of this amount. The offer runs until 1pm on 20 March. In addition to its existing business lines, the company is planning to invest £50m over three years into new products including an online platform for managing property portfolios, which it says would be “revolutionary@@