- Colefax is planning a tender offer to buy up to £4m of ordinary shares, representing 11.5% of the total, at a fixed price of 250p apiece.

The tender offer is being implemented under the authority granted by shareholders at the company's last annual general meeting held on 13 September 2011.

The tender offer is subject to, among other things, the average mid-market quotation for a share, for the five business days immediately preceding the trade date on 10 September , not being below 238.25p.

At 11:51am: [LON:CFX] Colefax Group share price was +5p at 247.5p

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