RE: Tender offer30 Oct 2023 19:19
The offer will cost approximately 18.5p a share - more than 3 years worth of dividends - interesting!
1:- it might prove that the company could have paid those scrapped dividends as it claimed at the time, thus enhancing the dividend paying track record considerably!
2:- It might restrict the company's ability to pay dividends for a while or risk distressing the balance sheet!