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Pantheon International PLC - private equity investment trust - Says it will launch a tender offer for up to GBP150 million at a price between 280 pence and 315 pence per share, in 2.5p increments. Says the tender offer, which will close on October 17, is part of its intention to invest GBP200 million in its portfolio, announced in May. Says shareholders who do not tender their shares will benefit from net asset value accretion.
Current stock price: 299.00p each, up 2.1% on Monday morning in London
12-month change: up 17%
By Harvey Dorset, Alliance News reporter
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