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Aberdeen Frontier Plans Tender Offer To Narrow Share Price Discount (ALLISS)

Mon, 17th Sep 2018 17:07

LONDON (Alliance News) - Aberdeen Frontier Markets Investment Co Ltd on Monday said it intends to launch a tender offer to purchase up to 15% of issued shares to lower the share price discount to net asset value.

The company said its shares traded at an average discount to NAV was 11% over the three month period. The stock was trading 0.5% lower on Monday at 52.25 pence per share.

Aberdeen Frontier said it expects to announce the results of the tender offer and the tender price on October 19.

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