Share PLC Response to possible offer and Rule 2.8 (4986Y)
09 Maggio 2019 - 09:58AM
UK Regulatory
TIDMSHRE
RNS Number : 4986Y
Share PLC
09 May 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
9 May 2019
Share PLC (AIM: SHRE)
(the "Company")
Statement in response to possible offer and Rule 2.8
announcement
The board of directors of the Company (the "Board") announced on
3 May 2019 that it noted the rise in the Company's share price, and
confirmed that it had received a preliminary and unsolicited
approach from Interactive Investor Services Limited ("Interactive
Investor") which might or might not lead to an offer being made for
the Company. Early stage discussions took place about a possible
combination of the Company and Interactive Investor. Shareholders
were advised that there was no certainty that an offer would be
made for the Company, nor as to the terms on which an offer might
be made.
The Board notes the announcement made earlier today by
Interactive Investor that it does not intend to make an offer for
the Company, which is a statement falling under Rule 2.8 of the
City Code on Takeovers and Mergers (the "Code"). The Board
understands that Interactive Investor is withdrawing for its own
reasons and continues to be engaged with the acquisition of
Alliance Trust PLC's subsidiary Alliance Trust Savings, which was
announced on 22 October 2018.
As set out in the announcement made by Interactive Investor
earlier today, discussions may be resumed, inter alia, with the
approval of the Board.
For further information please contact:
Share plc
Richard Stone, Chief Executive 01296 439 270
Mike Birkett, Finance Director 01296 439 479
Stephens Europe Limited (Financial adviser)
Hugh Elwes 020 3757 9900
Cenkos Securities plc (Broker) 020 7397 8900
Mark Connelly
KTZ Communications (Financial Public Relations) 020 3178 6378
Katie Tzouliadis
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END
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May 09, 2019 03:58 ET (07:58 GMT)
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