Shore Capital Group Limited
(“Shore Capital” or the “Group”)
Update on sale of National Licence by Spectrum Investments
Shore Capital, the independent investment group specialising in equity capital markets, principal finance and alternative asset management, announces an update regarding Spectrum Investments Limited (“Spectrum”), in which it holds a 59.26% interest.
Shore Capital announced on 31 March 2015 that Spectrum’s subsidiary, DBD, had signed a Sale and Purchase Agreement to sell its interest in national radio spectrum licences together with six regional radio spectrum licences to Deutsche Telekom AG for €15.45 million (“the Transaction”). The customary completion conditions have now been satisfied save for an approval by the German telecommunications regulator, Bundesnetzagentur, which is still awaited. A further update will be provided to shareholders in due course.
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|Shore Capital||+44 (0) 20 7468 7911|
|Howard Shore, Executive Chairman|
|Lynn Bruce, Director|
|Grant Thornton UK LLP (Nominated Adviser)||+44 (0) 20 7383 5100|
|RBC Capital Markets (Broker)||+44 (0) 20 7653 4000|
|Bell Pottinger (Public Relations)||+44 (0) 20 3772 2500|
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. It is a business founded on four simple values – integrity, drive, competence and trust.
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.