Goodwin announces Tender Offer for up to £8.6 million
May 2023
Headquartered in Stoke-on-Trent, Staffordshire, Goodwin PLC is listed on the Main Market of The London Stock Exchange and is a group of established mechanical and refractory engineering companies, specialising in the design, manufacture and supply of high-quality products and solutions.
Its subsidiaries manufacture and operate in over ten countries worldwide, enabling the Group to capitalise on local market growth and take new products to market quickly, in both the established and emerging markets.
Goodwin PLC focuses on the core principles of high quality design of specialist products, supplied on-time, maintaining high levels of quality assurance, priced competitively and manufactured in a safe and environmentally responsible manner, with a hands-on management approach.
Proposed Tender Offer
On 5th May 2023, Goodwin announced that it is proceeding with a Tender Offer pursuant to which Qualifying Shareholders are invited to tender some or all of their Ordinary Shares at the Tender Price of £48.00 per Ordinary Share. The Tender Offer is for a maximum of 180,000 Ordinary Shares and the Tender Price represents:
- A premium of approximately 25 per cent. to the closing price of £38.55 per Ordinary Share on the Latest Practicable Date; and
- A premium of approximately 23 per cent. to the volume weighted average price per Ordinary Share over the one month to the Latest Practicable Date.
The total aggregate value is up to £8.6 million.
For further information, click here.
The Perivan shareholder communications team was delighted to work with Shore Capital on the publication of the Tender Offer and ancillary documents which were successfully published and posted to qualifying shareholders on 5th May 2023.
Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.
