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IN BRIEF: Dunedin Enterprise to return GBP26 million via tender offer

Dunedin Enterprise Investment Trust PLC - investor in UK mid-market management buyouts - As part ...

Alliance News 18 October, 2021 | 9:18PM
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Dunedin Enterprise Investment Trust PLC - investor in UK mid-market management buyouts - As part of its wind-down process, has proposed to return up to GBP26 million to its shareholders as part of a tender offer.

The price for the tender offer will be set at a 1.2% discount to the company's net asset value per share as at September 30. The offer is subject to shareholder approval at a general meeting on November 10. Dunedin's board will seek authority to purchase up to 7.0 million, which reflect 39% of its issued share capital.

Current stock price: 487.00 pence

Year-to-date change: up 45%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Dunedin Enterprise Ord 475.05 708

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