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Baring Emerging Europe tender offer take-up tops 49%

By BFN News | 03:28 PM | Wednesday 15 February, 2012


The take-up for Baring Emerging Europe's tender offer was more than double the 20% on offer. The company said 16,098,244 shares - 49.64% of the issued share capital excluding treasury shares - had been validly tendered. It said that as certain shareholders had not tendered shares or had tendered less than their basic entitlement, shareholders who tendered in excess of the basic entitlement would have approximately 21.39% of their excess tenders satisfied. At 3:28pm: (LON:BEE) Baring Emerging Europe Trust share price was +5.5p at 743p Story provided by StockMarketWire.com

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