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New Issues & IPOs

Monday May 12, 11:15 AM
Share Plc offer nearly 4 times oversubscribed

LONDON (Thomson Financial) - Share Plc., parent of stockbroker The Share Centre, said its offer for subscription has been nearly four times over-subscribed ahead of its planned flotation on AIM on Thursday.

The company said it raised 1.1 million pounds, which will more than cover the float costs.

The shares will also be traded on Sharemark, Share Plc's own trading platform, and PLUS Markets (LSE: PMK.L - news) .

'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,' Share Plc said.

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