Gavin Oldham, founder of Share Radio, has today launched an offer of up to 10,884,848 shares in Share plc, the retail stockbroking business he founded 25 years ago, held by him and members of the Oldham family. The Offer, which is available to personal investors and has two 'cornerstone' investors who have undertaken to apply for just under 55% of the shares on offer, is primarily designed to raise finance for Share Radio.
Gavin Oldham, said: "90% of the funds raised by the share sale will be used to finance Share Radio, providing secure funding for the station as it builds sponsorship revenue. Furthermore, the proceeds of the sale should benefit both buyers and sellers, since one of my key purposes in establishing Share Radio is to raise significantly the public profile of the 'Share' brand."
Details of the Offer are available on www.share.com/shareplcoffer through The Share Centre, which is the sole broker for the Offer. Details of the Offer can also be found on the announcement released on 2 June 2015 which can be accessed here.
Contact: Gavin Oldham 07767-337696
Gavin Oldham is conducting the Offer in his capacity as a Shareholder in Share plc. For the avoidance of doubt, Gavin Oldham is issuing this document; it is not being issued by or on behalf of Share Radio, Share plc or The Share Centre. Neither these companies nor their Directors make any recommendation to prospective investors in relation to participation in the Offer. Whether or not any prospective investor wishes to participate in the Offer will depend, among other things, on their view of Share plc’s prospects and/or their own individual circumstances, including their tax position. Prospective investors are recommended to consult their duly authorised independent advisers and make their own decision. This document does not constitute or form part of an offer to sell or an invitation to purchase or subscribe for any Ordinary Shares or other securities in Share plc, nor should it or any part of it or the fact of its distribution form the basis of, or be relied upon in connection with, any contract or commitment for any Ordinary Shares or other securities in Share plc.
This announcement constitutes a financial promotion under FSMA and has been approved for the purposes of section 21 of FSMA by The Share Centre Limited, a subsidiary of Share plc, acting as sole broker for the Offer. The Share Centre Limited is a member of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority under reference number 146768.