|
PureTech Health PLC - London-based biotherapeutics company - Launches tender offer to repurchase shares for a maximum consideration of $100 million. The offer, set to run until June 18, will be for up to 33.5 million shares, around 12% of PureTech’s share capital, at a fixed price of 250 pence each. The tender price represents a 25% premium to PureTech’s volume weighted average price over the three days to March 19, and a 13% premium to its closing price of 222p on May 16. If the $100 million maximum amount is not reached, PureTech says it will return capital to shareholders by way of a special dividend. Current stock price: 223.50 pence per share, up 1.6% in London on Monday morning 12-month change: up 5.9% Copyright 2024 Alliance News Ltd. All Rights Reserved.
|
