GDEV announces preliminary results of previously announced self tender offer to purchase for cash up to $20,000,000 in value of its ordinary shares (or up to 1,813,236 Ordinary Shares) at a purchase price of $11.03 per ordinary share
GDEV's self tender offer was heavily undersubscribed: only 56,830 shares were tendered versus a maximum of 1,813,236, meaning the company will repurchase just ~0.3% of shares outstanding at $11.03 per share. The aggregate cost will be roughly $626.8 thousand — a tiny fraction of the $20 million authorized.
Key figures
- Deal Value Usd
- $20,000,000
- Offering Price
- 11.03
- Shares Offered
- 1813236
- Shares tendered
- 56830
- Expected purchase cost
- $626.8 thousand
- Shares outstanding post
- 18.1 million
- Pct of shares outstanding
- 0.3%
- Guaranteed delivery shares
- 280
AI analysis
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