Peace increases stake to 76.4 per cent
WEST Bromwich Albion Holdings Ltd (‘WBAH’), which is owned by Club Chairman Jeremy Peace, has extended its tender offer by 14 days.
On June 10, 2014, WBAH issued a tender document as it offered to acquire up to a further 770 ordinary shares in West Bromwich Albion Group Ltd (‘WBAG’) at £3,000 per ordinary share (for full details, click here).
At the first closing date of July 3, 2014, 130 shareholders, representing 905 shares, had submitted tender forms accepting the offer.
WBAH has exercised its discretion to buy all 905 shares, taking its total stake in WBAG to 76.4 per cent.
WBAH has now extended its tender offer until July 17, at 3pm, and will exercise its option to acquire further shares at its discretion.