Antler Holdco Ltd. reached agreement to acquire Share Plc (AIM:SHRE) from Gavin Oldham and his family and others for £58.9 million on February 17, 2020. Under the terms of the Offer, each Share plc Shareholder will be entitled to receive for each Share plc Share £0.041 in cash and 0.0008355599837 New Antler Shares. Share plc Shares will continue to be admitted to trading on AIM pending the Effective Date. Antler has received irrevocable undertakings from Gavin Oldham, certain members of his family and his and their related trusts to vote in favor of the Scheme in respect of a total of 98.9 million Share plc Shares, representing, in aggregate, approximately 68.9% of Share plc's issued share capital. Gavin Oldham, the Executive Chairman of Share plc will join the board of Interactive Investor following completion of the Offer. Antler expects that each of the non-executive directors of Share plc will cease to be directors of Share plc on or shortly following the Effective Date. The cash consideration will be financed by the existing cash resources of the Antler Group. The transaction will be conditional on the approval by the Competition and Markets Authority, approval of the transaction by a majority in number of Share plc's shareholders voting at the court meeting to held on April 8, 2020, either in person or by proxy, representing at least 75%, the FCA approval and the sanction of the transaction by the court. The Share plc's Directors, consider the terms of the offer to be fair and reasonable. Accordingly, the Share plc's Directors recommended unanimously that Share plc Shareholders vote in favor of the transaction. As on April 8, 2020, transaction is approved by the shareholders of Share plc. As on June 10, 2020, Transaction is approved by FCA. Completion is subject to sanction by the Court. As of June 30, 2020, the High Court made an order sanctioning the Scheme under section 899 of the Companies Act. The transaction is expected to close during the third quarter of 2020. On June 30, 2020, the scheme remains conditional upon the Court Order being delivered to the Registrar of Companies, which is expected take place on 3 July 2020. Stephen Fox, Toby Ross and Peter Brierley of N M Rothschild & Sons Limited acted as Financial Adviser to Antler Holdco Limited and Hugh Elwesand and Jake Delaney of Stephens Europe Limited acted as financial adviser to Share plc. Mark Connelly and Katy Birkin of Cenkos Securities plc acted as financial adviser and broker for Share plc. Caroline Rae, Robert Moore, Mark Ife of Herbert Smith Freehills LLP and Taylor Wessing LLP are acting as legal advisers to Antler Holdco Limited. Dechert LLP is acting as legal adviser to Share plc. Antler Holdco Ltd. completed the acquisition of Share Plc (AIM:SHRE) from Gavin Oldham and his family and others on July 3, 2020.