Sparks commentary - Ocean Wilsons Holdings

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Sparks - Ocean Wilsons Holdings

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Ocean Wilsons (LSE: OCN) – Tender offer strike price set at 1,543p per share
Published by Andy Murphy

The tender offer, set out in the 17 June circular, closed at 1pm on 18 July. The strike price for the oversubscribed offer was set at 1,543 per share and will cost c £109m. The offer will be scaled back in line with the terms and will see 7,072,608 shares purchased. The strike price represents an 11.9% premium to the three-month weighted average price of 1,378p per share and a 3.9% premium to the 1,485p per share closing price on the last practicable date.

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