Tender Offer Repurchase Price

RNS Number : 6993A

Asian Total Return Invest Co PLC

22 March 2013

 



22 March 2013

Asian Total Return Investment Company plc (the "Company")

Tender Offer Repurchase Price

The Board of the Company today announces that the Repurchase Price, which has been calculated in accordance with paragraph 3 of Part IV of the Circular to Shareholders dated 20 February 2013, is 203.1187 pence per Share.

74,091,140 Shares will be repurchased by the Company at the Repurchase Price; this equates to 50 per cent. of the Company's shares in issue at 28 December 2012.  11,113,671 of these shares will be held in treasury and the remaining 62,977,469 shares will be cancelled.  It is expected that cheques will be dispatched and CREST payments made during the week commencing 25 March 2013.  

Following the completion of the Tender Offer, the Company will have 74,091,141 Shares in issue and 11,113,671 shares held in treasury.

It is expected that the Company will resume its daily NAV publication in respect of its NAV at the close of business on 25 March 2013.

Terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Circular.

Jan Kingzett

Schroders

020 7658 6471

Jane Lewis                            

Winterflood Investment Trusts

020 3100 0295

 

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