San Leon has announced plans return up to $ 1 m to shareholders by way of a tender offer . The tender price of 46 ##p ( $ 0.60 ) per ordinary share represents a premium of 50 % on the 19 February closing price . Qualifying shareholders also have a basic entitlement to redeem 10 % of their shares and may also tender shares in excess of this amount . The offer runs until 1 pm on 20 March . Simon Woods (+44 207 390 0236) Completion of the offer is conditional upon shareholder approval being sought at an EGM on 15 March .
San Leon has announced plans return up to $ 1 m to shareholders by way of a tender offer . The tender price of 46 ##p ( $ 0.60 ) per ordinary share represents a premium of 50 % on the 19 February closing price . Qualifying shareholders also have a basic entitlement to redeem 10 % of their shares and may also tender shares in excess of this amount . The offer runs until 1 pm on 20 March . Completion of the offer is conditional upon shareholder approval being sought at an EGM on 15 March .