Shore Capital Group Limited Update on holding in Spectrum Investments (3280Y)
20 Agosto 2018 - 8:45AM
UK Regulatory
TIDMSGR
RNS Number : 3280Y
Shore Capital Group Limited
20 August 2018
Shore Capital Group Limited
("Shore Capital" or the "Company")
Update on the Company's holding in Spectrum Investments
Shore Capital holds a 59.94% interest in Spectrum Investments
Limited, the parent company of DBD. DBD, through a subsidiary,
holds 32 regional radio spectrum licences in Germany of indefinite
duration (the "Licences").
As previously reported, in past correspondence with DBD, the
German Telecoms Regulator ("BNetzA") had stated that the ongoing
consideration of the status and use of the Licences should be taken
in the context of its ongoing review of spectrum frequency planning
for the years after 2021/2022 and in particular its frequency
concept for the 3.5GHz band, into which the Licences fall.
BNetzA has now written to DBD with its decision to withdraw the
Licences from the 3.5GHz frequency band with effect from 31
December 2018 and to offer to DBD to reallocate the Licences to the
3.7-3.8 GHz frequency band at no cost and on a "flexibilised"
basis, meaning without historic technical restrictions limiting the
usage of the Licences. DBD intends to challenge the withdrawal
decision which the Group will update on in due course.
- Ends -
Enquiries:
Shore Capital +44 (0) 14 8172
Lynn Bruce 4222
Grant Thornton UK LLP (Nominated
Adviser)
Philip Secrett +44 (0) 20 7383
Jamie Barklem 5100
Montfort Communications (Public Relations) +44 (0) 78 1234
Olly Scott 5205
About Shore Capital
Shore Capital is an AIM quoted independent investment group.
Founded and majority owned by entrepreneurs, for three decades
Shore Capital has been helping entrepreneurial businesses reach
their full potential, find committed long-term investors and
develop into significant enterprises. The business offers
innovative corporate advice; a leading market making business; some
of the most respected investment research available in the UK; and
a diverse range of high-quality investment opportunities, including
its hugely successful VCTs and principal finance activities.
The Group is based in Guernsey, London, Liverpool, Edinburgh and
Berlin. Shore Capital Stockbrokers Limited, Shore Capital and
Corporate Limited, Shore Capital Limited and Puma Investment
Management Limited are each authorised and regulated by the
Financial Conduct Authority. Shore Capital Stockbrokers Limited is
a member of the London Stock Exchange.
www.shorecap.gg
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END
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