Sharemark gives charities a helping hand
Howard Lake | 25 January 2010 | News
· Sharemark waives its joining fee for five charities’ stock
· Deal reinforces market’s commitment to corporate and social responsibility
· Sharemark hopes move will bring more innovative, ethical investments to the market
25 January 2010 – Sharemark, a leading alternative share-trading platform, is waiving its joining fee for the next five charities who admit their stock to the market. The offer, which applies to a range of stocks including Charitable Bonds, loan stock and shares, closes on 30 June 2010.
Speaking about the offer, Sophie Douglas, manager of Sharemark, said: “Charitable Bonds are a catalyst for positive change as the capital invested in the Bonds can release funding for a wide variety of good causes.
“In today’s economy, however, investors may need to realise their investment early and the trading of charitable Bonds on Sharemark can assist them in doing so. By waiving the joining fee, Sharemark looks to ensure that charities can provide this option to investors.”
Investors sell on Sharemark at a price they are willing to accept, while potential buyers indicate the quantity or value of the Bonds they want to purchase and the price they are willing to pay. A deal can be made once these prices meet.
Douglas added: “Charities who register will also have access to Sharemark’s bespoke trading services including the possibility to restrict trading in the issued stock as appropriate to their objectives. We can also act as receiving agent for a company issuing stocks in the primary market.”
Iain Wallace, managing director of Sharemark, said: “Sharemark is committed to corporate and social responsibility. We feel strongly that we have a duty to our clients and to our wider communities and are excited about the possibility of bringing more innovative and ethical investments to the market.”
Charities wishing to take advantage of the offer will still be subject to ongoing administration fees, however, additional lines of stock will be traded at a discounted rate.
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For further information please contact:
Sharemark
Sophie Douglas
Manager
01296 439 432
so************@sh***.uk
Sharemark press office
Jon Chambers
Chambers Copy
07854 816948
jo*@ch**********.uk
About Sharemark
Sharemark is a periodic auction-based dealing facility designed primarily for either the single or dual trading of emerging or smaller companies. Its website www.sharemark.com shows bids to buy and offers to sell. The price is set at each auction by calculating the single price at which as many orders as possible will be filled. Auction frequency is generally determined by the number of shareholders a company has and the likely trading volumes.
The investments and/or services referred to in this document may not be suitable for every investor and if in doubt you should contact a financial adviser. It may be difficult for investors to buy and sell investments referred to and/or obtain reliable information about their value or the extent of risks to which the price is exposed. Share prices on Sharemark may be subject to sudden and large falls in value given the restricted marketability of the shares/units and you may not get back the amount you originally invested.
Sharemark constitutes a Multilateral Trading Facility and is not a Recognised Investment Exchange, Clearing House or Regulated Market within the meaning of the Markets in Financial Instruments Directive. Sharemark is a trading division of The Share Centre Limited, which is a member of the London Stock Exchange and authorised and regulated by the Financial Services Authority under reference 146768. Sharemark is a registered trademark.
The Share Centre is registered in England No. 2461949. Registered office: Oxford House, Oxford Road, Aylesbury, Bucks, HP21 8SZ
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.