Charles Russell Speechlys act as legal adviser to Mithras Investment Trust plc on its fifth tender offer
Charles Russell Speechlys’ corporate advisory team acted as the legal adviser to Mithras Investment Trust plc (the “Company”) on its fifth tender offer, which was announced to shareholders on 5 April 2016.
The fifth tender offer follows on from the Company’s announcement in December 2012 that it intended to enter into a series of tender offers to achieve its core realisation strategy of returning capital to shareholders.
Should the shareholders all tender their basic entitlement, the Company would distribute approximately £9.0 million to shareholders through the fifth tender offer.
To date, the Company has returned approximately £25.8 million of capital to shareholders through its first four tender offers. The fourth tender offer took place in 2015, the third took place in 2014, with the second and initial tender offers both taking place in 2013.
The Charles Russell Speechlys team advising on these transactions was led by partner, Andrew Collins and included corporate senior associate Paul Arathoon and associate Lucy Scott. Winterflood Securities (Joe Winkley and Neil Langford) also acted for the Company.
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