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Proposed tender offer and commission free dealing programme

Share plc has announced a proposed tender offer to purchase its own shares and commission free dealing programme.

Proposed offer

Shareholders can tender up to 16% of their shareholding for repurchase by the Company at a price which will be set at a 15% discount to the average closing mid price for the Company’s ordinary shares on AIM for the five trading days ending on 27th August 2010. Those shares repurchased through the tender offer will be cancelled. The maximum amount the Company would be required to pay under the tender offer is approximately £5.7m

Commission free dealing programme

Shareholders with up to 35,000 Share plc shares may sell all or part of their holding free of dealing commission. The price will be calculated in the same way as for the tender offer except that, under the commission free dealing, the 15% discount will not apply. In addition, any shareholder, of whatever size, may purchase additional Share plc shares also free of dealing commission. A charitable donation service is also available, allowing shareholders with small holdings, which they wish to dispose of, to donate them to Sharegift, a UK registered charity.

It will not be possible to participate in both the tender offer and commission free sale programme.

Next steps

The effective trade date of the proposed tender offer and commission free dealing programme will be 27th August 2010, subject to shareholder approval, which will be sought at a General Meeting of the Company to be held on 25th June 2010 at 11.30am at the London Stock Exchange, immediately following the Share plc AGM, which commences at 11.00am. If you wish to attend this meeting, please call us on 01296 41 41 41 or email us.

If approved and you wish to participate, please complete the appropriate form you have received from Share plc.

If you hold your shares in an account with The Share Centre, more information is available here.

Important documents

Press release
Offer document and Notice of Meeting
Form of Proxy

Share plc. Registered Office: Oxford House, Oxford Road, Aylesbury, Bucks, HP21 8SZ. Registered in England Number 2966283. These web pages constitute a financial promotion under the Financial Services and Markets Act 2000 and have been approved by The Share Centre Limited. The Share Centre Limited is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority under reference number 146768. VAT Registration Number 596391882. Please read our PRIVACY POLICY.