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Travers Smith advises new client Record plc on tender offer buyback

Overview

Travers Smith LLP has advised new corporate client Record plc in connection with its £10 million return of capital to shareholders by way of a tender offer and buyback of shares, which was announced on 21 June 2017. Cenkos Securities plc acted as broker for Record plc on the tender offer.

The transaction was approved by shareholders at a general meeting on 14 July 2017 and completed, subject to stamping by HMRC, on 17 July 2017.

The Travers Smith team was led by Corporate Partner Richard Spedding, with Corporate Associate James Addison