European Opportunities proposes additional tender offer ahead of continuation vote

For up to 25% of issued share capital

European Opportunities (EOT) has proposed plans to undertake a tender offer for up to 25% of its issued shared capital if the continuation vote next week is passed.

In a regulatory filing today (6 November), the trust said the plan will be subject to shareholder approval and, if successful, will be priced at the prevailing net asset value at the time of repurchase less 2%. If approved, the tender offer is expected to take place by 31 January 2024 at the latest. EOT explained the offer will be conditional on shareholders passing the continuation vote at the annual general meeting on 15 November, which the trust's directors consider being "in the best interest of shareholders", as they expect the vast majority of investors to vote in favour. Activi...