Share plc announces launch of offer for subscription
Share plc, parent company of The Share Centre, one of the UK's leading independent stockbrokers, today announces the launch of its Offer for Subscription (the "Offer") in preparation for its flotation on the AIM Market of the London Stock Exchange ("AIM").Under the terms of the Offer, which is primarily targeted at personal investors through The Share Centre, 4,000,000 shares are available for subscription at a price of 27p per share. In addition to subscribing to this offer, Account Customers of The Share Centre can also be eligible to receive 200 free shares in Share plc by subscribing or transferring a full value ISA to The Share Centre. It is anticipated that the existing shares and the shares to be issued in the Offer will commence trading on AIM on Thursday 15 May 2008.
Following Admission, Share plc shares will be traded on AIM, PLUS Markets and on Sharemark, The Share Centre's own trading platform. Auctions on Sharemark will take place each Thursday afternoon. Since Sharemark was established in 2000, more than 29,000 trades have taken place in the ordinary share capital of Share plc.
Commenting on the launch of the Offer for Subscription, Sir Martin Jacomb, Chairman of Share plc said: "We are delighted to be bringing Share plc to AIM after 17 years of trading since The Share Centre was established. Today the business remains true to its founding vision of more people enjoying straightforward investing. This commitment to personal investors is reflected in our decision to provide personal investors the opportunity to invest in Share plc through the Offer for Subscription."
Share plc's AIM Admission Document is available on the Company's website at shareplc.com/aim. The Offer brochure and Application Form are also available at share.com or by calling 0845 6185 105.