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Optare plc

Company Name:Optare plc Minimum fundraise:£0.00* High Share Price Bid:£0.00

Business Sector:Industrial products Total Funds Bid to Date:£0.00 Low Share Price Bid:£0.00

Auction period:29 Aug 2024 - 27 Nov 2024 Indicative Share Price:0.00 Average Share Price Bid:£0.00**

Company Details Below

*The company will accept oversubscription.

**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.

NOTE: ASSET MATCH HAS NEGOTIATED AN “ASSET MATCH INVESTOR BONUS” FOR INVESTORS IN THIS TRANSACTION. SEE THE “OVERVIEW” SECTION BELOW FOR DETAILS.

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CONFIRMATION:

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I am a sophisticated or licenced investor according to this definition. I am legally entitled to place this bid. I am not contravening any laws of my country by placing this bid. I indemnify Asset Match, Webtel.mobi (Holdings) Limited and all of their officers and members or persons associated with them or with this process in the event that either of these aforementioned confirmations are not correct. I understand that I may amend this bid at any time. I understand that this bid is not a formal and binding commitment at this time but rather an expression of interest and intent, and that only at the end of the bidding process when the final share price is established will I be contacted to confirm my interest to proceed, and to thereafter make a formal application to purchase shares, and that only once I have elected to make – and have made, and signed, at my own discretion – a formal application to purchase shares will my expression of interest and intent become a formal and binding commitment. I confirm that I understand that Asset match may contact me to confirm the veracity of my bid, my bona finds and my intentions, and my bona fides, if I submit a bid that is clearly contrary to the indicative level of bids on the platform or contrary to the generally perceived value of the shares. By ticking this box I indicate confirmation that I have read, understand, agree with and confirm all of the aspects covered in this “Confirmation” paragraph:

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Optare plc

Market Cap: £9,621,029 Auction period: 29 Aug 2024 - 27 Nov 2024 Indicative price: 0.00

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Live Started 39 days ago

Lowest Offer 0.01p

Auction closes in 50 days

BUY ORDERS SELL ORDERS

Buyers	Shares Wanted	Total Wanted	Share Price (p)
--	--	--	0.01

Share Price (p)	Total Offered	Shares Offered	Sellers
0.01	180,000	180,000	1

BUY ORDERS

SELL ORDERS

Buyers	Shares	Total Shares	Share Price (p)	Total Shares	Shares	Sellers
--	--	--	0.01	180,000	180,000	1

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Company info

Optare is a leading British manufacturer of urban buses with a modern assembly facility near Leeds, Yorkshire, employing more than 300 people. Its award-winning range of buses feature an integral design and efficient diesel engines, plus an industry-leading choice of electric units utilising the latest low carbon technology.

Optare is part of Ashok Leyland, one of the top 4 global bus producers, and part of the Hinduja Group. (...)

www.optare.com

Auction details

Optare plc was admitted to trading on Asset Match on 8 January 2018 at a price of 0.04 pence per share.

Auctions are held quarterly and close at 4pm on the last Wednesday of the month (unless stated otherwise).

The tick size of this company is 0.05 pence per share.

Participants can send orders via their existing broker or directly to shareDeal active. Further details can be found by clicking on the "Auction instructions" section below.

Price history (last 10)

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Auction instructions

To buy and sell shares in this company via Asset Match Private Market, you will need to use a stockbroker.

- shareDeal active

If you are a UK resident, our main broker and settlement agent for all CREST eligible companies on the AM Private Market is shareDeal active.

shareDeal active provide a competitively priced service for both certified and non-certified transactions. You can open an account online or by post using the form provided.

Alternatively, if you already have an account with shareDeal active and wish to place an order please contact the Dealing desk directly on 01892 510515 or deal online.

To sell a share certificate, the easiest way to trade is to set up a shareDeal active account online and once open post your share certificate with a completed CREST transfer form. Alternatively, you can open an account by post using the Asset Match Certificated Sale Pack which includes everything you will need.

It generally takes 5-7 days for your account to be open and shares available for trading.

- Already have a stockbroker

Over 60 UK brokers regularly trade and are set up to deal on our platform. These brokers can submit your instructions to shareDeal active on your behalf*.

Please note that not all brokers are able to deal in unquoted shares so contact us to confirm whether your broker is able to trade.

- Overseas

If you are based overseas and are interested in participating then please contact us directly by emailing dealing@assetmatch.com or by calling 020 7248 2788.

When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade (*additional fees may apply).

For more information on how the auction works then please click here.

Key People

Gopal Mahadevan Non-Executive Director

Gopal is currently CFO of Ashok Leyland Ltd. Gopal is a chartered accountant and a company secretary with over 25 years’ experience in finance functions across a variety of industries. He started his career with the TTK Group and then moved to Sanmar Group, where he progressed to head of finance for their PVC business. He later joined Sify Limited to head mergers and acquisitions, legal and Nasdaq compliances, following which he joined Amara Raja Batteries as group CFO. Prior to his appointment at Ashok Leyland Ltd, Gopal was CFO of engineering company Thermax Limited. On his appointment as a Non-executive Director, Gopal became Chairman of the Audit Committee.

Venkatesan Venkataraman Non-Executive Director

Venkatesan is currently president of business development and strategy for Hinduja Automotive Limited, responsible for strategy, M&A and business development activities of the Hinduja Group’s automotive interests based in the UK. Starting as a graduate engineer at Ashok Leyland Ltd, he has over 30 years’ experience in industrial engineering, business and corporate planning functions. He led the Ashok Leyland Ltd negotiations for its initial stake and, subsequently, its increased stake in Optare plc.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

Optare plc

Optare plc

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