Pantheon International launches £150m tender offer as part of £200m share buyback scheme

By way of reverse auction

Pantheon International (PIN) has kicked off its £200m share buyback programme with the launch of a £150m tender offer.

In a stock exchange notice today (25 September), the board said the tender offer would be undertaken via a reverse auction, as part of the buyback programme announced on 3 August, which it is carrying out during the current financial year to 31 May 2024. Since then, the trust has already bought back over £7.3m of shares, but the board said the tender offer would ensure all shareholders have the opportunity to obtain liquidity.  Investec reiterates 'Buy' rating for Pantheon International on £200m share buyback launch Shareholders who wish to participate must specify a minimum price ...