Results of Tender offer

RNS Number : 4762S

Alpha Real Trust Limited

14 July 2022

 

14 July 2022

LEI: 213800BMY95CP6CYXK69

This announcement contains inside information for the purposes of the Article 7 of the Market Abuse Regulation (EU) 596/2014 (including as it forms part of the laws of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as amended from time to time). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

ALPHA REAL TRUST LIMITED ("ART" OR THE "COMPANY")

Results of Tender offer

The Board of the Company today announces the results of the tender offer set out in the circular published by the Company on 29 June 2022, which closed at 3.00 p.m. on 13 July 2022. The Tender Price was 175 pence per Ordinary Share.

In total, 5,419,016 Ordinary Shares were validly tendered under the Tender Offer, representing approximately 8.74 per cent. of the Company's Voting Shares in issue as at 27 June 2022 (excluding Ordinary Shares held in treasury), including any Ordinary Shares validly tendered in excess of the Basic Entitlement. All valid tenders will be satisfied in full.

It is expected that cheques will be despatched and CREST accounts will be credited with proceeds in respect of successfully tendered shares from 15 July 2022.

The 5,419,016 Ordinary Shares tendered under the Tender Offer will be repurchased by the Company and held in treasury.

The ordinary share capital of the Company following the purchase will be 64,283,530 (including 7,717,581 Ordinary Shares held in treasury). The total voting rights in the Company following the purchase will be 56,565,949.

The figure of 56,565,949 may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Capitalised terms and expressions have the same meanings as those attributed to them in the Company's Circular dated 29 June 2022.

For further information please contact :

Alpha Real Trust Limited
William Simpson, Chairman, Alpha Real Trust	[phone]
Brad Bauman, Joint Fund Manager, Alpha Real Trust	[phone]
Panmure Gordon, Broker to the Company
Atholl Tweedie	[phone]

 

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