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LONDON - Bigblu Broadband plc (AIM:BBB), a provider of super-fast and ultra-fast broadband services, announced the completion of its Tender Offer, which was initially detailed in a circular on March 3, 2025. The offer, which closed on April 22, 2025, at 1:00 p.m., involved the company offering to repurchase up to 15,250,000 Ordinary Shares at a price of 40 pence per share, representing approximately 26 percent of the company’s issued share capital.
The tender resulted in 14,939,838 Ordinary Shares being validly tendered, with excess applications totaling 37,616,220 Ordinary Shares. Consequently, Bigblu Broadband will acquire the maximum number of shares proposed, with all valid tenders being satisfied in full according to their Basic Entitlement. The excess applications were addressed based on a proportional percentage of the total excess tenders received.
Following the repurchase, the Ordinary Shares tendered will be cancelled, reducing the company’s issued share capital to 43,597,018 Ordinary Shares, which will also be the total number of voting rights. This figure will serve as the denominator for shareholders to calculate whether they need to notify changes in their interest in the company, as per the FCA’s Disclosure Guidance and Transparency Rules.
Proceeds for the Tender Offer are expected to be credited to CREST accounts by April 29, 2025, for uncertificated shares, while cheques for certificated shares are to be dispatched by May 6, 2025.
The company’s press release statement, which contains this information, also includes forward-looking statements that reflect the company’s expectations regarding its future prospects and strategy. However, these statements are not guarantees of future performance and are subject to risks and uncertainties.
Bigblu Broadband’s announcement is based on a press release statement and provides shareholders and the market with the latest information regarding the company’s share capital and financial actions.
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