Shore Capital Group Limited Update on Holding in Spectrum Investments (5090T)
21 Marzo 2019 - 1:00AM
UK Regulatory
TIDMSGR
RNS Number : 5090T
Shore Capital Group Limited
21 March 2019
Shore Capital Group Limited
("Shore Capital" or the "Company")
Update on 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 perpetual
duration (the "Licences").
Following previous updates in respect of communications with the
German Telecoms Regulator ("BNetzA"), it has now been concluded
that the Licences shall be reallocated from the 3.5 GHz frequency
band to the 3.700-3.730 GHz frequency band at no cost. The licences
will continue to be for perpetual duration, on a "flexibilised"
basis, meaning without historic technical restrictions limiting
their usage. The flexibilisation will enable their use for modern
services such as 4G and 5G.
We are therefore confident of the future prospects for DBD's
business and the value that can accrete from it.
- Ends -
Enquiries:
+44 (0)14 8172
4222
Shore Capital +44 (0)20 7408
Lynn Bruce, Director 4090
Simon Fine, Co-Chief Executive +44 (0)20 7408
David Kaye, Co-Chief Executive 4090
Grant Thornton UK LLP (Nominated
Adviser) +44 (0)20 7383
Philip Secrett 5100
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.
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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