Tender Offer
30 Novembre 2007 - 11:17AM
UK Regulatory
RNS Number:8628I
Resources Investment Trust PLC
30 November 2007
RESOURCES INVESTMENT TRUST PLC
RESULT OF TENDER OFFER
The result of the Tender Offer made by Walker Crips, which closed at 1:00 p.m.
on 29 November 2007, was as follows:
* valid tenders were received from Shareholders in respect of 10,718,003
Shares, representing approximately 89.4 per cent. of the issued share
capital of the Company;
* as valid tenders were received in respect of less than the maximum
number of Shares authorised to be repurchased all tenders have been accepted
in full;
* as the Tender Offer was not taken up in full the Company retains the
authority to make market purchases of up to 68,473 Shares, which will
represent approximately 5.4 per cent of the reduced issued share capital.
This authority expires at the Annual General Meeting of the Company on 20
December 2007;
* the Tender Price was 252p per Share;
* the consideration payable to Shareholders in respect of valid tenders
will be sent to Shareholders on 5 December 2007;
* the Company has today repurchased from Walker Crips, at 252.32655p per
Share, the 10,718,003 Shares acquired by Walker Crips under the Tender Offer
and, following completion of the repurchase on 5 December 2007, those Shares
will be cancelled; and
* following cancellation of the Shares repurchased by the Company, the
issued share capital of the Company will comprise 1,266,869 Shares.
The terms of the Tender Offer were set out in the circular to Shareholders dated
30 October 2007 (the "Circular").
Capitalised terms used in this announcement shall have the meanings given to
them in the Circular.
30 November 2007
This information is provided by RNS
The company news service from the London Stock Exchange
END
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