India, Feb. 17 -- Share plc (SHRE.L) has agreed a 61.9 million pounds takeover offer from Antler Holdco Limited or ii, a holding company of Interactive Investor and the ii Group.
As per the terms of the offer, each Share plc shareholder will be entitled to receive 4.1 pence in cash and 0.0008355599837 new ii shares for each Share plc share. The offer values each Share plc share at 41 pence.
The offer is expected to result in Share plc shareholders owning about 6.8 per cent of the ii shares in issue following completion of the offer.
Share plc Shares will continue to be admitted to trading on AIM pending the Effective Date, which is expected to occur during third-quarter of 2020.
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