Dan23 Jan 2015 07:33
Any ideas what returing cash by tender offer means?
While the Board has evaluated a number of potential acquisition opportunities of varying scale during the past year, in the absence of a major acquisition, the Board has reviewed the cash requirements of the business and is considering a material return of cash to shareholders, anticipated to be in the order of £10 million, probably via a tender offer. A further update will be provided at the time of the preliminary results