Justin Wilson plc extends closing date owing to continued demand Justin Wilson plc, the share offer in which members of the public have had the unique opportunity to buy shares in a Formula 1 driver, has had nearly Â£1m of share applications in...
Justin Wilson plc extends closing date owing to continued demand
Justin Wilson plc, the share offer in which members of the public have had the unique opportunity to buy shares in a Formula 1 driver, has had nearly £1m of share applications in only 40 days.
Although the initial closing date was 11 April Justin Wilson plc Managing Director, Jonathan Palmer, today announced an extension.
"We are all absolutely thrilled with both the rate and amount of applications for shares" said Palmer. "We had no idea just how big the appetite would be to buy a slice of Justin Wilson. With applications for tens of thousands of shares still coming in daily there is no way we are going to deprive people of the opportunity to buy some of the remaining shares."
Justin Wilson himself is delighted. "It is fantastic to know I have such support out there and I have been amazed and touched by the number of leading motorsport figures who have also bought a bit of me. Of course my dad is hugely relieved -- our family garage is safe and I can be more relaxed knowing that he can sleep a bit easier now!"
Justin's father, Keith, had been prepared to sell family assets to make up any shortfall in the share issue to pay Minardi if necessary.
Far from feeling constrained by selling himself, Wilson is excited. "I didn't think I could be more determined but knowing how much support I have got with over 650 shareholders backing me is truly inspirational".
Applications for shares in Justin Wilson plc will now close on 30 May 2003 unless the offer is fully subscribed beforehand.