(The company issued a correction stating that 879,252 shares were validly tendered under its tender offer and not 846,627 shares.)
(Alliance News) - Oleeo PLC on Friday said 879,252 shares were validly tendered under its 1.3 million share offer and will be repurchased and cancelled.
The tendered shares equate to approximately 65% of the shares under offer. Following cancellation of the 879,252 shares, Oleeo's share capital in issue will shrink to 6.8 million from 7.7 million.
Shares in Oleeo were untraded at 160.00 pence in London on Monday afternoon.
By Anna Farley; annafarley@alliancenews.com
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