On the 20th February, San Leon announced a proposed $30m tender offer at 46pps, a 50% premium to the prior day close, on the back of a strong financial position, confidence around future cash flows and management’s view that the share price does not reflect the full potential of the business. This morning San Leon announced that there was a 100% take up of the tender (£23.3m, 9.97% share capital). San Leon remains committed to future shareholder returns.
22 Mar 2019
On the back of today’s tender offer update, we provide a quick recap of San Leon’s recent positive progress.
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On the back of today’s tender offer update, we provide a quick recap of San Leon’s recent positive progress.
San Leon Energy Plc (SLE:LON) | 16.5 0 0.0% | Mkt Cap: 74.2m
- Published:
22 Mar 2019 -
Author:
Jessica Saadat -
Pages:
3
On the 20th February, San Leon announced a proposed $30m tender offer at 46pps, a 50% premium to the prior day close, on the back of a strong financial position, confidence around future cash flows and management’s view that the share price does not reflect the full potential of the business. This morning San Leon announced that there was a 100% take up of the tender (£23.3m, 9.97% share capital). San Leon remains committed to future shareholder returns.