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Ascential Plc (ASCL) Ordinary 1p

Sell:311.20p Buy:311.60p 0 Change: 0.40p (0.13%)
FTSE 250:0.31%
Market closed |  Prices as at close on 19 April 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Ascential Plc Ordinary 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 11 Apr 2024)

What is happening?

 

Ascential Plc wants to return up to £850 million to shareholders. As part of this the company is offering to buy its shares at a price between £3.15 and £3.31. This is called a tender offer.

 

If you don’t want to tender your shares, you don't need to do anything. You’ll keep your existing shares.

 

Please see below for a breakdown of the tender offer:

 

  • You can ask to sell (tender) some or all of your shares at a specific price which is not less than £3.15, or greater than £3.31 (in increments of £0.04, e.g. £3.15, £3.19, £3.23, £3.27, £3.31). Alternatively you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

 

  • The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to £300 million.

 

  • If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

 

  • If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender. As your shares are held with Hargreaves Lansdown scaling back of excess elections may not be on the same terms as those announced by the company.

 

Tender shares – Act by noon on Thursday 2 May 2024

 

The tender proceeds for any shares successfully tendered are expected from 15 May 2024.

 

Consolidation and Special Dividend

 

In addition to the tender offer, the company is also intending to return at least £450 million to shareholders by way of a special dividend expected to be paid on 3 June 2024. This payment will be accompanied by a consolidation expected to become effective on 20 May 2024, which is aimed at maintaining the comparability of the company’s share price before and after the payment.

 

The tender offer and consolidation are subject to shareholder approval at a General Meeting being to be held on Monday 22 April 2024. Shareholder approval is not required for the declaration of the special dividend, but the Board does not intend to declare the special dividend unless shareholders approve the consolidation.

 

Should these proposals be approved, the ratio for the consolidation and rate for the special dividend will be announced on 8 May 2024, and we will contact you again with further information.

 

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:311.20p
Buy:311.60p
Change: 0.40p (0.13%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
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Market closed |  Prices as at close on 19 April 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Ascential Plc Ordinary 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 11 Apr 2024)

What is happening?

 

Ascential Plc wants to return up to £850 million to shareholders. As part of this the company is offering to buy its shares at a price between £3.15 and £3.31. This is called a tender offer.

 

If you don’t want to tender your shares, you don't need to do anything. You’ll keep your existing shares.

 

Please see below for a breakdown of the tender offer:

 

  • You can ask to sell (tender) some or all of your shares at a specific price which is not less than £3.15, or greater than £3.31 (in increments of £0.04, e.g. £3.15, £3.19, £3.23, £3.27, £3.31). Alternatively you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

 

  • The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to £300 million.

 

  • If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

 

  • If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender. As your shares are held with Hargreaves Lansdown scaling back of excess elections may not be on the same terms as those announced by the company.

 

Tender shares – Act by noon on Thursday 2 May 2024

 

The tender proceeds for any shares successfully tendered are expected from 15 May 2024.

 

Consolidation and Special Dividend

 

In addition to the tender offer, the company is also intending to return at least £450 million to shareholders by way of a special dividend expected to be paid on 3 June 2024. This payment will be accompanied by a consolidation expected to become effective on 20 May 2024, which is aimed at maintaining the comparability of the company’s share price before and after the payment.

 

The tender offer and consolidation are subject to shareholder approval at a General Meeting being to be held on Monday 22 April 2024. Shareholder approval is not required for the declaration of the special dividend, but the Board does not intend to declare the special dividend unless shareholders approve the consolidation.

 

Should these proposals be approved, the ratio for the consolidation and rate for the special dividend will be announced on 8 May 2024, and we will contact you again with further information.

 

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:311.20p
Buy:311.60p
Change: 0.40p (0.13%)
Market closed |  Prices as at close on 19 April 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Ascential Plc Ordinary 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 11 Apr 2024)

What is happening?

 

Ascential Plc wants to return up to £850 million to shareholders. As part of this the company is offering to buy its shares at a price between £3.15 and £3.31. This is called a tender offer.

 

If you don’t want to tender your shares, you don't need to do anything. You’ll keep your existing shares.

 

Please see below for a breakdown of the tender offer:

 

  • You can ask to sell (tender) some or all of your shares at a specific price which is not less than £3.15, or greater than £3.31 (in increments of £0.04, e.g. £3.15, £3.19, £3.23, £3.27, £3.31). Alternatively you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

 

  • The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to £300 million.

 

  • If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

 

  • If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender. As your shares are held with Hargreaves Lansdown scaling back of excess elections may not be on the same terms as those announced by the company.

 

Tender shares – Act by noon on Thursday 2 May 2024

 

The tender proceeds for any shares successfully tendered are expected from 15 May 2024.

 

Consolidation and Special Dividend

 

In addition to the tender offer, the company is also intending to return at least £450 million to shareholders by way of a special dividend expected to be paid on 3 June 2024. This payment will be accompanied by a consolidation expected to become effective on 20 May 2024, which is aimed at maintaining the comparability of the company’s share price before and after the payment.

 

The tender offer and consolidation are subject to shareholder approval at a General Meeting being to be held on Monday 22 April 2024. Shareholder approval is not required for the declaration of the special dividend, but the Board does not intend to declare the special dividend unless shareholders approve the consolidation.

 

Should these proposals be approved, the ratio for the consolidation and rate for the special dividend will be announced on 8 May 2024, and we will contact you again with further information.

 

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.

×
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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.

Share chart Chart

Performance

1 week 1W 1.08% 1 year 1Y 28.48%
1 month 1M 3.93% 2 years 2Y 7.63%
3 months 3M 7.29% 3 years 3Y 11.86%
6 months 6M 43.21% 5 years 5Y 11.91%
1 week 1W 1.08% 3 months 3M 7.29% 1 year 1Y 28.48% 3 years 3Y 11.86%
1 month 1M 3.93% 6 months 6M 43.21% 2 years 2Y 7.63% 5 years 5Y 11.91%

Performance figures are based on the previous close price. Past performance is not an indication of future performance.

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. Past performance is not an indication of future performance. The value of investments and any income from them is not guaranteed and can go down as well as up depending on market movements. You may not get back the original amount invested. Charts provided by Factset. Prices delayed by at least 15 minutes.

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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'.