The European Opportunities trust (EOT) has started preparations to undertake a tender offer for up to 25% of its issued share capital.
The move was first announced last month ahead of the trust's continuation vote, which was passed on 15 November with some shareholder opposition. The tender offer will be paid in cash and will be equal to a 2% discount to net asset value based on the calculation date, EOT said in a stock exchange notice today (5 December). Registration for the offer will begin on 29 January 2024, with completion expected to take place on 31 January 2024. European Opportunities passes continuation vote in face of shareholder opposition The plans will be subject to shareholder approval, with inves...
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