Result of Tender Offer
Tender offer completed with 215,084 shares purchased at £54 per share for approximately £11.6m.
- Shares tendered 215,084
- Percentage of issued capital 7.8%
- Tender price per share £54.00
- Total value returned £11,614,536
- Remaining ordinary shares in issue 2,590,295
- Total voting rights 2,527,795
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Camellia plc (AIM: CAM) is pleased to announce the result of the Tender Offer, details of which were set out in the circular published by the Company on 19 May 2025 (the "Circular").
The maximum aggregate number of Ordinary Shares that could be purchased pursuant to the Tender Offer was 350,000 Ordinary Shares, representing 12.8 per cent. of the Company's issued share capital. The Tender Price was £54.00 per Ordinary Share.
In total, 215,084 Ordinary Shares were validly tendered, equal to 7.8 per cent. of the shares in issue as at 19 May 2025. As the Tender Offer was not fully subscribed, validly tendered Basic Entitlements and any Individual Excess Tenders will be satisfied in full.
Accordingly, a total of 215,084 Ordinary Shares will therefore be purchased under the Tender Offer. The total value which will be returned to Shareholders pursuant to the Tender Offer will be approximately £11,614,536.
Payment of the consideration due to Shareholders, whose tenders under the Tender Offer have been accepted, is expected to be paid by no later than 19 June in respect of shares held in CREST and also by no later than 19 June by cheque in respect of shares held in certificated form along with balance certificates in respect of non-tendered shares.
Total Voting Rights
As detailed in the Circular, all Ordinary Shares that were tendered will be cancelled. Following the conclusion of the Tender Offer, the remaining number of Ordinary Shares in issue will be 2,590,295. The Company has 62,500 issued Ordinary Shares which are held by subsidiaries of the Company (the "Subsidiary-Held Ordinary Shares") and under the Companies Act 2006 no voting rights are exercisable in respect of these Subsidiary-Held Ordinary Shares whilst they remain so held. Therefore, the total voting rights in Camellia will be 2,527,795. This figure for the total number of voting rights may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
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