Avingtrans – Tender Offer
Corporate action reference: 201601459
Please note we must be in receipt of your instruction by 31 October 2016.
Record Date: 4 November 2016
Avingtrans has announced the terms of the proposed Tender Offer which will return up to approximately GBP 28 million to shareholders.
Under the Tender Offer, each Shareholder is entitled to have up to 50% of their shareholding purchased at the Tender Price of GBP 2 per share, with the potential to tender a greater number of shares depending on the number of shares tendered by other shareholders.
As you hold your shares with a nominee you may have your election scaled back by a greater or lesser percentage than you would if you held your shares in your own name.
If you would like further information about the terminology used in this notification, please visit our Ask a Question site
Option 1: Cash (Basic Entitlement)
Option 2: Oversubscribe
To reply to this event, please use the below link stating which option you would like to take.
Option 3: No Action (Default)
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We will aim to update your account within 5 business days of receiving the proceeds.
Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.
By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.
Please note that this page does not constitute investment or tax advice. If you are unsure of what option to take, or if you are in any doubt as to your tax position, please contact your financial advisor.
If you are an ISA or SIPP client your options may differ.