Pantheon International PLC announces an Equity Buyback program for £200 million.
On September 25, 2023, the company initiated a Dutch- Auction Tender Offer. Under the offer, the company will repurchase up to £150 million worth of its shares. The shares will be repurchased at a price of not less than 280 pence per share and and not more than 315 pence per share. The company has fixed October 17, 2023, as the record date for the offer. The offer will commence today and will expire on October 17, 2023.
On October 17, 2023, the company concluded the Dutch- Auction Tender Offer. The company repurchased 49,180,327 shares at a price of £3.05 per share.
Investec Bank plc and J.P. Morgan Securities plc acted as brokers to the company.