IN BRIEF: RM Infrastructure Income sets price for GBP12 million tender

RM Infrastructure Income PLC - investment company managed by Edinburgh- and London-based RM Funds that lends to assets "providing essential services to society" and is in managed wind-down - Sets the price for its tender offer at 74.77 pence per share, which was its net asset value per share on March 31. The tender offer being run by broker Singer Capital Markets is worth GBP12.4 million, meaning the company will repurchase up to 16.6 million shares out of 75.7 million in total, about 22%. The latest tender offer for the managed wind-down was approved by shareholders on Friday last week. The tender offer record date is Thursday this week, and the tender is expected to be completed on May 5.

Current stock price: 62.60p

12-month change: down 14%

By Tom Waite, Alliance News editor

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