As expected, European Opportunities has published details of its latest tender offer.

The tender offer will be for 25% of its shares in issue (up to 15,553,147 shares) and the tender price will be calculated as a 2% discount to NAV less the costs of implementing the tender offer.

To participate, you will have to be a registered holder of the shares at 6pm on 17 June 2025.

There is a meeting to approve the tender offer planned for 3 June (votes will need to be in by 11am on 30 May).

The last time that tender forms can be submitted is 1pm on 17 June [but if you hold your shares through a platform, chances are they’ll need instructions a week or so ahead of that].

The result will be announced on 19 June and cash should be paid out on 27 June.

There is another tender offer planned for next year if the NAV total return does not equal or exceed the benchmark total return (MSCI Europe Index total return in Sterling) over the three-year period beginning 1 June 2023 and ending on 31 May 2026.

EOT : European Opportunities launches new tender offer