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Argo Group Limited (ARGO) Ord USD 0.01

Sell:18.00p Buy:20.00p 0 Change: No change
Market closed Prices as at close on 22 March 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Argo Group Limited Ord USD 0.01

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 18 Mar 2019)

What is happening?

 

The Company has announced proposals for a Tender Offer to purchase up to £2.5 million worth of Shares, representing approximately 29.5% of the issued Share capital. Argo Group Limited holders may elect to tender some or all of their Shares for repurchase by the Company, at a ‘Purchase Price’ to be determined.

 

The Company is inviting Shareholders to tender (i.e. sell) some or all of their Shares at a minimum price which is not less than 18p or greater than 26p (in increments of 1p, e.g. 18p, 19p, 20p, 21p, etc.).

 

Any Shares tendered at a price higher than the Purchase Price will not be purchased under the Tender Offer; Shares tendered at a lower price than the Purchase Price will be purchased and satisfied in full. However, if Tender elections are received for more than the aggregate purchase price of up to £2.5 million then Shareholders’ tenders at the eventual Purchase Price may be subject to scaling back.

 

Cash in respect of successful tenders is expected to be paid from 8 April 2019.

 

What are my options?

 

Option 1 – Tender a number of Shares at a price between 18p and 26p (in increments of 1p). In order to participate in this Tender Offer an election must be received in this office by noon on Friday 22 March 2019, at which point your tendered Shares will be removed from your portfolio. Any election must state the number of Shares you wish to tender and the price at which you wish to tender. If you do not state the price at which you wish to tender your Shares in the additional comments box when giving your election it will be assumed that you have elected to tender your Shares at the Purchase Price.

 

Option 2 - Tender a number of Shares at the Purchase Price. Shareholders can tender their Shares without specifying a price. Any election must state the number of Shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:18.00p
Buy:20.00p
Change: No change
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed Prices as at close on 22 March 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Argo Group Limited Ord USD 0.01

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 18 Mar 2019)

What is happening?

 

The Company has announced proposals for a Tender Offer to purchase up to £2.5 million worth of Shares, representing approximately 29.5% of the issued Share capital. Argo Group Limited holders may elect to tender some or all of their Shares for repurchase by the Company, at a ‘Purchase Price’ to be determined.

 

The Company is inviting Shareholders to tender (i.e. sell) some or all of their Shares at a minimum price which is not less than 18p or greater than 26p (in increments of 1p, e.g. 18p, 19p, 20p, 21p, etc.).

 

Any Shares tendered at a price higher than the Purchase Price will not be purchased under the Tender Offer; Shares tendered at a lower price than the Purchase Price will be purchased and satisfied in full. However, if Tender elections are received for more than the aggregate purchase price of up to £2.5 million then Shareholders’ tenders at the eventual Purchase Price may be subject to scaling back.

 

Cash in respect of successful tenders is expected to be paid from 8 April 2019.

 

What are my options?

 

Option 1 – Tender a number of Shares at a price between 18p and 26p (in increments of 1p). In order to participate in this Tender Offer an election must be received in this office by noon on Friday 22 March 2019, at which point your tendered Shares will be removed from your portfolio. Any election must state the number of Shares you wish to tender and the price at which you wish to tender. If you do not state the price at which you wish to tender your Shares in the additional comments box when giving your election it will be assumed that you have elected to tender your Shares at the Purchase Price.

 

Option 2 - Tender a number of Shares at the Purchase Price. Shareholders can tender their Shares without specifying a price. Any election must state the number of Shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:18.00p
Buy:20.00p
Change: No change
Market closed Prices as at close on 22 March 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Argo Group Limited Ord USD 0.01

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 18 Mar 2019)

What is happening?

 

The Company has announced proposals for a Tender Offer to purchase up to £2.5 million worth of Shares, representing approximately 29.5% of the issued Share capital. Argo Group Limited holders may elect to tender some or all of their Shares for repurchase by the Company, at a ‘Purchase Price’ to be determined.

 

The Company is inviting Shareholders to tender (i.e. sell) some or all of their Shares at a minimum price which is not less than 18p or greater than 26p (in increments of 1p, e.g. 18p, 19p, 20p, 21p, etc.).

 

Any Shares tendered at a price higher than the Purchase Price will not be purchased under the Tender Offer; Shares tendered at a lower price than the Purchase Price will be purchased and satisfied in full. However, if Tender elections are received for more than the aggregate purchase price of up to £2.5 million then Shareholders’ tenders at the eventual Purchase Price may be subject to scaling back.

 

Cash in respect of successful tenders is expected to be paid from 8 April 2019.

 

What are my options?

 

Option 1 – Tender a number of Shares at a price between 18p and 26p (in increments of 1p). In order to participate in this Tender Offer an election must be received in this office by noon on Friday 22 March 2019, at which point your tendered Shares will be removed from your portfolio. Any election must state the number of Shares you wish to tender and the price at which you wish to tender. If you do not state the price at which you wish to tender your Shares in the additional comments box when giving your election it will be assumed that you have elected to tender your Shares at the Purchase Price.

 

Option 2 - Tender a number of Shares at the Purchase Price. Shareholders can tender their Shares without specifying a price. Any election must state the number of Shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
19.00p
Trade high:
19.00p
Year high:
19.00p
Market capitalisation
Market cap.
:
£8.94 million
Previous close:
19.00p
Trade low:
18.00p
Year low:
14.50p
P/E ratio:
n/a
Previous:
0.00p (0.00%)
Previous:
0.00p
Volume:
65,588
Dividend yield:
n/a
EMS:
5,000
Data delayed by at least 15 minutes.

Performance

Not available for this stock.

Fundamental data

Year ending: 31/12/2018 31/12/2017
Revenue ($m) 4.60 10.26
Profit before tax ($m) (1.21) 4.74
Adjusted EPS (¢): (3.00) 10.00
P/E ratio n/a 2.30
PEG n/a n/a
EPS growth (%) n/a 900.00

Values are quoted in the stock's local currency: US dollar

All fundamental data

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Important Documents

There are no documents available for this stock.

Broker forecasts

Broker recommendations for this stock are not available.

Time / date Time Buy / sell Type Volume Price Value
×

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled ‘N/A’.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. 'Broker forecast' and 'Recent trades' provided by MoneyAM. News and fundamental data provided by Digital Look.
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.