Share plc offer nearly 4 times over-subscribed
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Share plc, the parent company of independent stockbrokers The Share Centre, said its offer for subscription has been nearly four times over-subscribed ahead of its planned flotation on AIM on 15 May.
The group raised £1.08m, which will more than cover the float costs.
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"Given the relatively short offer period and the backdrop of volatile financial markets, the success of the offer is particularly notable," said chairman Martin Jacomb.
"The group is well positioned to take advantage of any acquisition opportunities as they arise and in the current difficult market conditions the group continues to perform well relative to its peer group," the company added.
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