IN BRIEF: Artemis Alpha seeks share buyback instead of tender offer

Artemis Alpha Trust PLC - investor in listed and unlisted companies - Is seeking shareholder ...

Alliance News 15 October, 2021 | 8:29PM
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Artemis Alpha Trust PLC - investor in listed and unlisted companies - Is seeking shareholder approval for revised approach to managing company's discount and liquidity. Is now committing to sustainable share buyback policy after deciding that tender offer no longer in the best interests of all shareholders.

"We feel the option is now available to manage our discount and provide liquidity through a continuous share repurchase programme that would not compromise the management of the portfolio and would deliver better results for most shareholders overall than a tender in 2021," says Chair Duncan Budge.

Current stock price: 426.00 pence

Year-to-date change: up 6.4%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Artemis Alpha Trust Ord 414.00 539 -

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