3rd May 2019 11:30
LONDON (Alliance News) - Share PLC on Friday confirmed it has received an approach that could potentially lead to an offer, following a spike in its stock price.
Shares in the UK-listed retail stockbroker were up 23% at 37.40 pence on Friday morning and have risen sharply since Thursday afternoon.
The preliminary approach was made by Interactive Investor Services Ltd, an online investment service and execution-only broker that does not offer advice. As yet, no terms for the possible offer have been disclosed.
The company said there is no guarantee that any offer will be made. Under UK takeover rules, Interactive Investor must announce a firm offer for Share, or walk away, by May 31.
Related Shares:
SHRE.L