FP also intends to engage The Bank of New York Mellon as tender agent in relation to the purchase of global depository receipts (“GDRs”). Under this tender offer, the Fund intends to repurchase from its shareholders up to 165 million shares (both in the form of shares and GDRs).
The fund manager submitted the public tender offer with the Financial Supervision Authority and an answer is expected within ten business days.
The filing of the application for the approval of the envisaged tender offer does not constitute a guarantee that the Fund will actually proceed with the tender offer, it said. The Fund’s decision to launch the tender offer will depend on several factors (including market conditions and the approval of the tender offer documentation by the supervisory authority.