leadf
logo-loader
viewBaker Steel Resources Trust Ltd

Baker Steel Resources Trust to buy back shares through tender offer

The offer is for one share in 12 at a fixed price of 51p

Mining
Shareholders need to approve the return of capital

Baker Steel Resources Trust PLC (LON:BSRT) has a launched a tender offer to buy back around 8% of its share capital.

The offer is at fixed price of 51p for 9,677,498 shares or roughly one in 12 of the amount currently in issue.

WATCH: Baker Steel Resources Trust - Mining Capital May 2019

The tender price is a premium of 10.9% to the market price and a discount of 10.2% discount to the unaudited NAV on 30 April.

Shareholders need to approve a special resolution at the AGM for the tender offer to proceed.

Quick facts: Baker Steel Resources Trust Ltd

Price: 67 GBX

LSE:BSRT
Market: LSE
Market Cap: £71.33 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Baker Steel Resources Trust Ltd named herein, including the promotion by the Company of Baker Steel Resources Trust Ltd in any Content on the...

FOR OUR FULL DISCLAIMER CLICK HERE

Full interview: Baker Steel Resources Trust offers investors a UK tungsten...

Specialist mining investment people, Baker Steel Resources Trust (LON:BSRT), expects 2020 to be an important period for the sector’s backers and another good year for metals. Partner Cosmo Sturge and Investment Advisor Francis Johnstone offer Proactive London a take on what's next in the...

on 22/1/20

2 min read