Proactive Investors - Run By Investors For Investors

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
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.

View full BSRT profile View Profile

Baker Steel Resources Trust Timeline

Related Articles

June 07 2019
The mineral resources investor thinks the macroeconomic environment is favourable to the mining sector. It has four investments that over the next 18 months or so could see it repeat the success it had with its investment in the Prognoz silver project in Russia.
The fund has doubled the capital it has raised to $100 million since September
April 11 2019
The company’s fund gives investors access to 3.25-6.45% returns over set terms.
March 18 2019
"The investment portfolio, combined with substantial cash, continues to provide a solid underpinning to our balance sheet, and developments in our fund management business offer a new source of fund management revenue in the next financial year," Braveheart said.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use