Pantheon International (PIN) has kicked off its £200m share buyback programme with the launch of a £150m tender offer.
In a stock exchange notice today (25 September), the board said the tender offer would be undertaken via a reverse auction, as part of the buyback programme announced on 3 August, which it is carrying out during the current financial year to 31 May 2024. Since then, the trust has already bought back over £7.3m of shares, but the board said the tender offer would ensure all shareholders have the opportunity to obtain liquidity. Investec reiterates 'Buy' rating for Pantheon International on £200m share buyback launch Shareholders who wish to participate must specify a minimum price ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
