MLPL has announced plans return up to $30 m to shareholders by way of a tender offer. As at the Latest Practicable Date, other options and warrants had been awarded over a total of 26,443,525 Ordinary Shares. The tender price of 46 pence ($ 0.60 ) per ordinary share represents a premium of 10% on the 20 March 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 15 March . Completion of the deal is conditional upon shareholder approval being sought at an Total Ordinary Shares on 15 March .
MLPL has announced plans return up to $30 m to shareholders by way of a tender offer. The tender price of 46 pence ($ 0.60 ) per ordinary share represents a premium of 10% on the 20 March 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 15 March . Completion of the deal is conditional upon shareholder approval being sought at an Total Ordinary Shares on 15 March .