Shore Capital Group Limited – Results of Tender Offer

Results of Tender Offer

Further to the announcement by the Company on 20 October 2015 of a tender offer for up to 9.91 per cent. of the issued share capital of the Company (the “Tender Offer”), details of which were contained in a circular sent to shareholders dated 20 October 2015 (the “Circular”), the Board announces that the Tender Offer was over-subscribed. As a result, the Entitlement of all Shareholders who have validly tendered their Shares will be accepted in full. Excess tenders will be satisfied to the extent of approximately 19.21 per cent. of the excess Shares tendered at a price of £4.175 per Share.

A total of 2,395,209 Shares will be repurchased by the Company under the Tender Offer and then cancelled. Following the completion of the Tender Offer, the Company will have 21,768,791 Shares in issue.    

It is expected CREST accounts will be credited with proceeds in respect of successfully tendered Shares on or prior to 13 November 2015 and that cheques in respect of unsold certificated Shares will be dispatched on or prior to 13 November 2015.

The definitions used in this announcement have the same meaning as they have in the Circular.


–Ends –


Shore Capital   
Howard Shore, Executive Chairman  +44 (0) 20 7468 7911 
Lynn Bruce, Director +44 (0) 1481 728 902
Grant Thornton UK LLP (Nominated Adviser) +44 (0) 20 7383 5100
Philip Secrett  
Jamie Barklem  
Carolyn Sansom  
RBC Capital Markets (Broker) +44 (0) 20 7653 4000
Josh Critchley  
Oliver Hearsey  
Bell Pottinger (Public Relations) +44 (0) 20 3772 2500
Olly Scott  
Zoe Pocock  


About Shore Capital
Shore Capital is an AIM quoted independent investment group. Founded and owned by entrepreneurs, for three decades Shore Capital has been helping entrepreneurial businesses reach their full potential, find committed long term investors and develop into significant enterprises. The business offers innovative corporate advice; a leading market-making business; some of the most respected investment research available in the UK; and a diverse range of high quality investment opportunities, including its hugely successful VCTs and principal finance activities.
The Group is based in Guernsey, London, Liverpool, Edinburgh and Berlin. Shore Capital Stockbrokers Limited, Shore Capital and Corporate Limited, Shore Capital Limited and Puma Investment Management Limited are each authorised and regulated by the Financial Conduct Authority.  Shore Capital Stockbrokers Limited is a member of the London Stock Exchange.