Gigaclear Announces Intention To Float

15th September 2014

Filed Under: Announcements

Ultrafast pure fibre operator plans to float on AIM in London.
Additional funds to be raised to accelerate rollout to more communities

Oxfordshire, Monday 15th September, 2014: Gigaclear, the UK’s leading provider of pure fibre broadband networks to rural communities, has announced its intention to float on AIM in London in October. Gigaclear aims to raise additional funds principally from new institutional investors, and existing shareholders and certain qualifying customers, to enable it to accelerate the rollout of more ultrafast fibre broadband communities.

Matthew Hare, Chief Executive of Gigaclear said, “Fast broadband and its associated benefits are enjoyed by many households in Britain’s towns and cities. At the same time, however, there are a significant number of homes and businesses in rural communities that are effectively cut off from the broadband revolution. Our opportunity lies in bridging that divide, building ultrafast, pure fibre-to-the-premises networks in rural communities that not only rivals urban speeds but often beats them, hands down, whilst also providing a future-proofed solution.”

“Gigaclear is well positioned to take advantage of the increasing trend for faster broadband to be made available to rural communities and there is no stronger indicator of this than the fact that over 400 UK communities have approached us directly for our service. Gigaclear’s proposed Issues and Admission to AIM will enable us to more quickly roll-out profitable new networks and places us in a very strong position to deliver on our plan to serve up to 200,000 homes over the coming years.”

About Gigaclear

Gigaclear plc is a privately funded communications operator dedicated to building and operating ultrafast fibre to the premises broadband networks in rural communities. With pure fibre connectivity to every property in a community, delivering open, ultrafast broadband access, customers have complete control over the choice of services they wish to use. The company was founded in December 2010 by its chief executive, Matthew Hare. For further information about qualifying communities see http://beta.gigaclear.com/connecting-my-community/.

This announcement is for information purposes only and does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any ordinary shares in the capital of Gigaclear plc, nor shall it (or any part of it) form the basis of, or be relied on in connection with or act as any inducement to enter into, any contract or commitment whatsoever.