As part of the proposed admission of the ordinary shares of our parent company, Share plc, to trading on the AIM market of the London Stock Exchange (AIM) in May 2008, we’re launching an offer of free shares in Share plc. When we bring Share plc to market we anticipate there’ll also be a share issue for personal investors who wish to subscribe for more shares.
Those who make a full subscription to ISAs with us, transfer an ISA of at least equivalent value to us or top up their current year ISA to the full subscription will be eligible.
For those customers who have already opened this year’s (07/08) ISA with The Share Centre, we’re extending the offer to you as well, so you won’t lose out. We will be contacting you about this exciting free offer.
You will be entitled to an allocation of 200 Share plc shares for each ISA which meets one of the following requirements and complies with the terms and conditions of the Free Shares Offer:
- Open and fully-subscribe to an ISA from The Share Centre to the value of £7,200 on or after 6 April 2008 and by 6.00pm on 3 April 2009
- Transfer in an ISA to the value of at least £7,200 on or after 6 April 2008 and by 6.00pm on 3 April 2009
You can, of course, do more than one and be eligible for multiple allocations of Free Shares.
There is a limited number of Free Shares available for this offer, so they will be issued on a “first come, first served” basis, allocated in two equal tranches, and in accordance with the terms and conditions of the Free Shares Offer. Also, Share plc shares will not be listed on the main market of the London Stock Exchange, which means that they are not able to form part of an ISA allowance, and cannot be held within an ISA. In order for us to allocate the Free Shares we will open a Share Account for you (if you do not already have one). For full details on eligibility to receive Free Shares, please see the terms and conditions.
If you are in any in doubt about whether these investments are suitable or appropriate for you, you should seek your own personal financial advice. Please note that whilst we fully intend to complete Share plc’s admission to trading on AIM there can be no guarantee that such admission will be completed within the currently anticipated timescale or at all. Until such time as Share plc is admitted to trading on AIM or another investment exchange you will only be able to trade the Free Shares on Sharemark. Do remember that the value of stock market investments and their income can fall as well as rise, and you may get back less than originally invested.
- You do not have to fully-subscribe when you open a new ISA or transfer an existing current year one to The Share Centre. Provided you ‘top it up’ by the relevant dates, you will still be eligible to receive free shares.
- Transfers are valued as at the date of the completion of the transfer-in (i.e. all holdings and/or cash have been received by The Share Centre).