The Fund also informed its shareholders and investors that it has engaged Swiss Capital S.A. together with Auerbach Grayson as agents and Swiss Capital S.A. as intermediary in relation to the purchase of shares as per the buy-back mandate terms. It also said it intends to engage The Bank of New York Mellon as tender agent in relation to the purchase of global depositary receipts (GDRs). Under this tender offer, the Fund plans to repurchase from its shareholders up to 220,000,000 shares (both in the form of shares and GDRs), according to the announcement.
Full details of the tender offer, including pricing, will be announced if and when the tender offer is implemented and approval is received from the Financial Supervisory Authority, which is expected to occur within 10 business days according to the regulations in force, the announcement also reads.