Share Trading

From September 2024 the Company will be administering a new process for facilitating the sale of Shareholder’s shares that they wish to sell.

The methodology used to conduct the sale is similar to that of a ‘sealed-bid auction’ where bidders submit bids to the auctioneer over a short period of time, with no bidder knowing how much other auction participants have bid. On a stated date at the close of the bidding-window, bids are considered and the highest bid, should it be above the reserve price, will be declared the winner. If the winner has stated they do not wish to purchase all of the shares on offer, the next highest bidder will be successful at their bid price and so on until all of the shares which match bids above the reserve price are allocated to bidders.

If you are considering selling or buying shares in the Company or require any further information relating to shares, please contact Judith Mitchell or Andrew Green, Company Secretary, on shares@pfk.co.uk or 01768 862323.