Ascential PLC - London-based events, subscription business and advisory services-focused company - Confirms that the Tender Offer, the results of which were announced on Wednesday, completed on Friday. Under the terms of the Tender Offer, Bank of America Securities purchased 95.2 million shares at the strike price of 315 pence each. On Friday, these shares were subsequently acquired by Ascential from BofA Securities at the same price.
In April, Ascential said the tender offer would return up to GBP300 million to shareholders by acquiring up to 95.2 million shares, around 21% of Ascential's share capital.
Current stock price: 312.23 pence
12-month change: up 31%
By Jeremy Cutler, Alliance News reporter
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Ascential (ASCL)