Share Plc confirms preliminary approach from Interactive Investor
Share Plc, formerly The Share Centre, confirmed on Friday that it has received a preliminary approach from online investment platform Interactive Investor, which may or may not lead to an offer being made for the company.
Financial Services
13,858.08
17:09 24/04/24
-1.92%
-271.19
FTSE AIM All-Share
754.69
16:50 24/04/24
n/a
n/a
Share plc
25.75p
12:44 03/07/20
0.00%
0.00p
"There can be no certainty that an offer will be made for the Company, nor as to the terms on which an offer may be made," it said in a statement.
Under takeover rules, Interactive Investor now has until 1700 BST on 31 May to either announce a firm intention to make an offer for Share or walk away.
At 1115 BST, the shares were up 22% at 37.20p.