PME African Infrastructure Opportunities PLC announces an Equity Buyback for 38,376,948 shares, representing 50% for $7.7 million.

PME African Infrastructure Opportunities PLC (AIM:PMEA) announces a share repurchase program. Under the tender offer, the company will repurchase up to 38,376,948 shares, representing 50% of its share capital for $7.7 million. The shares will be repurchased at a tender price of $0.20 per ordinary share.

The shares will be repurchased on the market and the repurchased shares will be cancelled. The tender offer is subject to approval in the Extraordinary General Meeting to be held on November 23, 2015. The offer will be valid till November 30, 2015.