Minds + Machines pays out GoDaddy sale proceeds

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Minds + Machines Group Ltd confirmed it intends to return a proportion of the proceeds from the sale of internet top-level domains to shareholders via a tender offer.

Up to GBP58mln will be returned through the tender offer at 9.6p per share, a premium of around 13% to the market price earlier this week.

The tender will see 604mln shares redeemed, representing approximately 69% of the shares in issue.

The tender closes at 1.00 p.m. on 1 October 2021, with acceptances scaled back on a pro-rata basis if the offer is over-subscribed.

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