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Shore Capital Group Limited

21 December 2017

Shore Capital Group Limited

("Shore Capital" or the "Group")

Update on Puma Social Care Investments Limited, ("PSCI")

PSCI, an associate of the Group in which it has a one third interest, has disposed of a subsidiary, Puma Social Care (Holdings) Limited, indirect owner of a portfolio of UK investment properties. Puma Investment Management Limited, a subsidiary of the Group, is the Investment Adviser to PSCI and has assisted with the sale. The accounts of PSCI are proportionally consolidated by the Group and this disposal is expected to contribute to the profit in the Group's accounts in 2017.

The Group has also agreed to assist the purchaser of Puma Social Care (Holdings) Limited in connection with the acquisition of further assets which, depending on success, will continue to generate revenue for the Group. We will report further on progress with this arrangement in due course.

- Ends -

Enquiries:

 
 Shore Capital 
  David Kaye, Co-Chief        +44 (0) 20 7408 
  Executive Officer           4050 
 Grant Thornton UK LLP 
  (Nominated Adviser) 
  Philip Secrett 
  Jamie Barklem             +44 (0) 20 7383 
  Carolyn Sansom             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

This information is provided by RNS

The company news service from the London Stock Exchange

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December 21, 2017 09:00 ET (14:00 GMT)

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