Optare plc
Company Name:Optare plc Minimum fundraise:£0* High Share Price Bid:£0
Business Sector:Industrial products Total Funds Bid to Date:£0 Low Share Price Bid:£0
Auction period:27 Aug 2020 - 25 Nov 2020 Indicative Share Price:0.00 Average Share Price Bid:£0**
*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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Optare plc

Optare plc

Market Cap: £73,460,292 Auction period: 27 Aug 2020 - 25 Nov 2020 Indicative price: 0.00

Live Started 23 days ago

Lowest Offer 0.10p

Auction closes in 66 days


BUY ORDERS SELL ORDERS

Cumulative Number of Shares Share Price (p)
-- 0.10
-- 0.15
-- 0.20
-- 0.30
-- 0.40
-- 1.00
   
Share Price (p) Cumulative Number of Shares
0.10 215,358
0.15 448,658
0.20 2,547,811
0.30 2,997,811
0.40 3,590,604
1.00 3,690,604
   

BUY ORDERS

SELL ORDERS

Cumulative Number of Shares Share Price (p) Cumulative Number of Shares
-- 0.10 215,358
-- 0.15 448,658
-- 0.20 2,547,811
-- 0.30 2,997,811
-- 0.40 3,590,604
-- 1.00 3,690,604
     

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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 The Share Centre. 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.

           -  The Share Centre

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

The Share Centre provide a competitively priced service for both certified and non-certified transactions. You can open an account online or by calling 01296 41 41 41.

Alternatively, if you already have an account with The Share Centre and wish to place an order please contact the Dealing Team directly on 01296 41 42 43.

To sell a share certificate, simply complete the certificated selling form and post it along with your original share certificate.

           -  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 The Share Centre 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

Dr Andrew Palmer Independent Non-Executive Chairman

Dr Palmer is a world-renowned automotive leader, having led transformations at two of the global vehicle brands, Nissan and Aston Martin. This role builds on Dr Palmer’s established relationship with Optare’s parent, Ashok Leyland, where he has been a non-executive member of the Board since 2015.

   

Steven Norris Independent Non-Executive Deputy Chairman

Steven started his career in the engineering and motor industries, entering into politics in 1977, when he was elected to Berkshire County Council. In 1983 he became the Member of Parliament for Oxford East and subsequently held various parliamentary positions until 1992, when he became the Parliamentary Under-Secretary of State for Transport and Minister for Transport in London. Steven was responsible for the Jubilee line extension, the largest extension of the London Underground network to date. Steven is widely known for his interest in public transport. He possesses a wealth of experience and is either currently, or has previously held roles as chairman of the National Cycling Strategy Board, director general of the Road Haulage Association, president of the Motorcycle Industry Association, a commissioner of the Independent Transport Commission, and a patron of the cyclists’ charity Sustrans and of the Campaign for Better Transport (UK) Charitable Trust. Steven holds an MA in Jurisprudence from the University of Oxford.

   

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.

   

Seshu Bhagavathula Non-Executive Director

Seshu joined Ashok Leyland Ltd in 2016 as chief technology officer and spearheads the company’s global initiatives on research and new product development for commercial vehicles, buses and light commercial vehicles. Seshu is an experienced hand in the automotive industry, both in commercial and passenger vehicle segments, with his core areas of professional expertise being in research and development, innovation and strategic analysis.  Seshu holds a doctorate in highfrequency electronics and an advanced post-graduate diploma from the Space Sciences and Applications Centre.  Before joining Ashok Leyland Ltd, he was associated with Great Wall Motor Company in China, where he served as the vice president of research & development.  Prior to this, he had spent a significant part of his career with Daimler AG at multiple locations, where he was responsible for product development and integration of engineering processes. In addition, Seshu was a founding managing director of Mercedes-Benz Research and Development Center in India between 1996 and 2000.

   

Nitin Seth Director

Padmanabhan Harihar Director