TIDMSHRE

RNS Number : 2751R

Share PLC

26 June 2020

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

26 June 2020

Recommended Offer

for

Share plc

by

Antler Holdco Limited ("ii")

(the holding company of Interactive Investor and the ii Group)

ISSUE OF SHARES TO SATISFY OUTSTANDING OPTIONS

Introduction

On 17 February 2020, the boards of ii and Share plc announced that they had reached agreement on the terms of a recommended share and cash offer by ii for the entire issued and to be issued share capital of Share plc (the "Offer"). The Offer is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"). On 13 March 2020 it was announced that the circular in relation to the Scheme (the "Scheme Document") had been published and posted on that date to Share plc Shareholders.

Issue of Shares

On 26 June 2020, the board of Share plc approved the allotment and issue of 7,144,391 new Share plc Shares (the "Share Scheme Shares") in order to enable participants in the Share plc Share Schemes to exercise their vested options immediately following sanction of the Scheme and to receive the Share plc Share Schemes Offer Consideration in respect of any Share plc Shares acquired pursuant to such exercise.

Application has been made for the Share Scheme Shares to be admitted to trading on AIM which is expected to occur on 2 July 2020. The Share Scheme Shares rank pari passu in all respects with the existing Ordinary Shares.

Following the issue of the Share Scheme Shares, the Company will have 150,796,725 Ordinary Shares in issue and no Ordinary Shares in treasury. Therefore, the total voting rights in Share plc will be 150,796,725. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The expected timetable of events relating to the Scheme, and proposed suspension and cancellation of the Company's Ordinary Shares to trading on AIM, remains as set out in the announcement dated 12 June 2020.

General

Terms used but not defined in this announcement shall have the meaning given to them in the Scheme Document.

Enquiries:

ii/Interactive Investor

Richard Wilson Tel: +44 (0) 207 930 0777

Barry Bicknell

Rothschild & Co (Financial Adviser to ii)

Stephen Fox Tel: +44 (0) 20 7280 5000

Toby Ross

Peter Brierley

TB Cardew (PR Adviser to ii)

Tom Allison Tel: +44 (0) 20 7930 0777

Shan Shan Willenbrock

Share plc

Gavin Oldham OBE, Executive Chairman Tel: +44 (0) 1296 414141

Richard Stone, Chief Executive

Mike Birkett, Finance Director

Stephens (Financial Adviser to Share plc)

Hugh Elwes Tel: +44 (0) 20 3757 9900

Jake Delaney

Cenkos Securities plc (Nominated Adviser and broker to Share plc)

Mark Connelly Tel: +44 (0) 20 7397 8900

Katy Birkin

KTZ Communications (Financial Public Relations Adviser to Share plc)

Katie Tzouliadis Tel: +44 (0) 20 3178 6378

Dan Mahoney

Important notices

N.M. Rothschild and Sons Limited ("Rothschild & Co"), which is authorised and regulated by the FCA in the United Kingdom, is acting as financial adviser to ii and no one else in connection with the matters described in this announcement and will not be responsible to anyone other than ii for providing the protections afforded to clients of Rothschild & Co nor for providing advice in connection with any matter referred to herein. Neither Rothschild & Co nor any of its affiliates (nor their respective directors, officers, employees or agents) owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Rothschild & Co in connection with this announcement, any statement contained herein, the Offer or otherwise.

Stephens Europe Limited ("Stephens"), which is authorised and regulated by the FCA in the United Kingdom, is acting as financial adviser to Share plc and no one else in connection with the matters described in this announcement and will not be responsible to anyone other than Share plc for providing the protections afforded to clients of Stephens nor for providing advice in connection with any matter referred to herein. Neither Stephens nor any of its affiliates (nor their respective directors, officers, employees or agents) owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Stephens in connection with this announcement, any statement contained herein, the Offer or otherwise.

Cenkos Securities plc ("Cenkos"), which is authorised and regulated by the FCA in the United Kingdom, is acting as nominated adviser and broker to Share plc and no one else in connection with the matters described in this announcement and will not be responsible to anyone other than Share plc for providing the protections afforded to clients of Cenkos nor for providing advice in connection with any matter referred to herein. Neither Cenkos nor any of its affiliates (nor their respective directors, officers, employees or agents) owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Cenkos in connection with this announcement, any statement contained herein, the Offer or otherwise.

Further information

This announcement is not intended to and does not constitute, or form part of, any offer to sell or subscribe for or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Offer or otherwise, nor shall there be any sale, issuance or transfer of securities of Share plc in any jurisdiction in contravention of applicable law. This announcement does not constitute a prospectus or a prospectus equivalent document.

Publication of this Announcement

A copy of this announcement will be available subject to certain restrictions relating to persons resident in Restricted Jurisdictions on ii.co.uk/share and https://www.share.com/share-plc.

The contents of Interactive Investor's website and Share plc's website are not incorporated into and do not form part of this announcement.

Share plc shareholders may request a hard copy of this announcement and the Scheme Document (and any information incorporated by reference in the Scheme Document) by contacting Share plc at Oxford House, Oxford Road, Aylesbury, Buckinghamshire, HP21 8SZ or by telephoning 01296 414141 or by emailing agm@share.co.uk. Share plc Shareholders may also request that all future documents, announcements and information in relation to the Offer be sent in hard copy form.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

IOEFLFFERFIRFII

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June 26, 2020 11:30 ET (15:30 GMT)

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